California Democrats panic as PG&E cuts $2 billion in planned spending over wildfire liability fight — Live Feedhttps://www.live-feeds.com/feed/california-democrats-panic-as-pg-e-cuts-2-billion-in-planned-spending-over-wildfire-liability-fightContinuously updated, source-cited coverage. PG&E cuts $2 billion in spending after California wildfire bill failshttps://www.live-feeds.com/feed/california-democrats-panic-as-pg-e-cuts-2-billion-in-planned-spending-over-wildfire-liability-fighthttps://www.live-feeds.com/feed/california-democrats-panic-as-pg-e-cuts-2-billion-in-planned-spending-over-wildfire-liability-fight#u62265Wed, 09 Sep 2026 04:03:37 +0000PG&E is reducing planned infrastructure spending by $2 billion following the failure of a wildfire liability bill in the California Legislature. The company is cutting projects that ratepayers have already funded, a move Consumer Watchdog describes as bailout blackmail. While the PG&E CEO is calling for urgent wildfire reform to stabilize the company's stock, Governor Gavin Newsom has attributed the legislative defeat to outside groups. California Democrats and state lawmakers expressed concern over the reduced spending on essential projects.Why it mattersThe conflict centers on h