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PG&E defers $2 billion in work after California wildfire safety bill shelved

9/2/2026

Against the backdrop of California's push to legislate wildfire safety, state officials have now shelved the proposed bill.

PG&E Corporation will defer $2 billion in planned work as a result, a figure that shows how closely the company had timed its capital programme to the legislation's passage.

A deferral of this size is a meaningful pause in PG&E's near-term investment activity. The choice of "defer" rather than "cancel" matters.

It signals that the underlying need for the work has not changed, only the legislative basis on which PG&E had planned to sequence it.