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PG&E needs wildfire policy reform to manage tail risk, CEO says
CEO Patti Poppe said the company’s credit rating “is a major issue that must be solved ... [legislative] inaction will continue to get increasingly expensive for our customers.
Summary
CEO Patti Poppe said the company’s credit rating “is a major issue that must be solved ... [legislative] inaction will continue to get increasingly expensive for our customers.” Pacific Gas & Electric Corp.’s foundational operations are “strong and improving every day,” but the company wants to see state wildfire policy reform that would help it achieve better credit ratings and protect against tail risk, CEO Patti Poppe said during a third-quarter earnings call on Thursday.
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