California’s biggest utility in crisis mode as shares fall off a cliff and insurers smell blood

California’s biggest utility was rocked Monday after lawmakers dealt Gov. Gavin Newsom a blow over a sweeping wildfire liability overhaul.

A California bill is “more focused on victim protections without any new investor protections,” according to analysts.

California Governor Gavin Newsom’s push to shield publicly traded utilities from some wildfire liabilities has been blocked by state lawmakers, according to people familiar with the negotiations.

'We did not (and currently do not) have a person by this name (Katheryn Nguyen) working at the CVS Health Foundation and have no record of either this letter or a donation to the organization that you mentioned (Abundant Blessings).'

Activists tied to last summer’s anti-deportation riots in California successfully lobbied for a new state law advertised as protecting nonprofit groups from threats or harassment. Gov. Gavin Newsom (D-CA) signed Assembly Bill 2624 on Saturday, allowing immigration services groups’ addresses to be shielded from public r

August 23, 2026 12:03 PM ET California just handed immigration nonprofit workers a shield that critics say doubles as a muzzle for the reporters chasing them.Gov. Gavin Newsom signed AB 2624 on Aug. 22, adding immigration support workers to the state program that hides the home addresses of people deemed at risk, accor

Gov. Gavin Newsom signed California’s controversial “Stop Nick Shirley Act” into law Saturday, which critics say will suppress investigative journalism in the state.