SACRAMENTO – November 03, 2026 -- A PG&E presentation shared with California state senators proposes capping shareholder liability for utility-caused wildfires at between $1.5 billion and $5.1 billion, with ratepayers absorbing the remainder, according to a Los Angeles Times report cited by Consumer Watchdog. The proposal reportedly applies regardless of how negligent the utility was, and it would be pursued in a special legislative session to be completed before Thanksgiving.