PG&E to scale back spending following wildfire liability bill failure

PG&E's CEO Patti Poppe said the utility will defer $2 billion in planned spending next year, which could delay electrical connections for new homes, renewable-energy projects, data centers and other development after SB 492 -- a wildfire liability reform measure - failed in the California legislature.  PG&E announced it will cut capital spending by $2 billion in 2027 to $11.4 billion.