Recent downside in Edison (EIX) and Pacific Gas & Electric (PCG) being attributed to KATU News reporting a battle brush fire burning in Simi Valley, California

The recent pullback in Edison International (EIX) and Pacific Gas & Electric (PCG) shares appears linked to concerns stemming from a brush fire in Simi Valley, California, as reported by KATU News.

Newsquawk StaffPublished 18 May 2026, 19:45 UTCOn the live feed at 19:25 UTC — 2 more headlines followed before this page went public

Newsquawk headlinesUTC

19:45

Fed's Goolsbee (2027 voter) says he is excited about Warsh becoming Fed Chair, via Fox Business interview

19:43

ZIM Integrated Shipping Services (ZIM) has approved a takeover but the deal could be put on hold after a new investor proposed a richer offer, Freight Waves reports

19:25

Recent downside in Edison (EIX) and Pacific Gas & Electric (PCG) being attributed to KATU News reporting a battle brush fire burning in Simi Valley, California

19:20

US State Department approves sale of Mh-60r (LMT) multi-mission helicopters to South Korea for USD 3bln

19:10

Air defences were activated at Qeshm Island after detection of micro drones, Tasnim reports

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Context

This incident underscores the ongoing risks utilities face from climate-related events, which can lead to immediate investor jitters and impact operational stability in the sector. Holding positions in these utilities might require reassessing the potential for regulatory and liability implications arising from fire incidents.

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