PG&E Corporation (PCG) is Among the Energy Stocks Losing This Week

The share price of PG&E Corporation (NYSE:PCG) fell by 8.38% between June 10 and June 17, 2025, putting it among the Energy Stocks that Lost the Most This Week.

PG&E Corporation (PCG) is Among the Energy Stocks Losing This Week

Brightly-lit nighttime view of an electricity power grid with distribution lines and transmission substations.

PG&E Corporation (NYSE:PCG) provides natural gas and electric service to approximately 16 million people throughout a 70,000-square-mile service area in northern and central California.

PG&E Corporation (NYSE:PCG) continues to plunge and reached a new 2-year low this week following the backlash of the company’s role in past wildfire incidents, and a proposed California legislation that would overhaul utility regulation and financing in the state.

The legislation calls for the creation of a new regulatory authority and excludes utility shareholders from earning profits from as much as $15 billion in capital spending on fire mitigation and infrastructure. Moreover, it seems to include provisions for improving the Golden State’s utility wildfire insurance fund, requiring ongoing contributions from utilities.

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Disclosure: None.