PG&E CEO Patti Poppe said California lawmakers could still revive wildfire liability reform after a proposal failed to advance, sending PG&E shares down 20% and Edison International shares down 21% this week. The measure would have limited the amount individuals could seek from utilities whose equipment ignited wildfires. Poppe said reform could lower PG&E's borrowing costs, help restore its investment-grade credit rating and unlock billions of dollars in investment. PG&E announced a strategic review that reduced its 2027 capital spending plan by $2 billion to $11.4 billion, a cut Poppe said would delay housing starts and renewable-energy projects in California. She said lower borrowing costs could have saved customers $600 million over the past two years of debt issuances. Speaker of the Assembly Robert Rivas said the proposal did not yet provide the relief, accountability or reform Californians deserved, while Poppe said lawmakers could return in a special session under the leadership of California Governor Gavin Newsom and Rivas.