• PG&E issued a statement on Senate Bill 492 following California legislative amendments to the state’s wildfire risk reduction framework.
• It flagged progress for survivor recovery, wildfire preparedness, yet called the bill insufficient for a sustainable long-term solution.
• The company warned SB 492 fails to address financing risks tied to California’s wildfire liability framework, limiting affordable investment in the grid.
• It cited an April California Earthquake Authority report concluding existing funding mechanisms are insufficient, arguing the bill does not resolve that gap.
• PG&E called for a more durable framework to support survivors, maintain safety incentives, cut wildfire risk, sustain reliable service at lower customer cost.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PG&E Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608301601PR_NEWS_USPR_____SF36628) on August 30, 2026, and is solely responsible for the information contained therein.