California wildfire law eases risk, says Morgan Stanley upgrading PG&E
PositiveFinancial Markets

Morgan Stanley has upgraded PG&E, citing a new California wildfire law that reduces risks associated with wildfires. This upgrade is significant as it reflects confidence in PG&E's ability to manage wildfire-related challenges, which have historically impacted its operations and financial stability. The law aims to enhance safety measures and improve the overall resilience of the utility, making it a positive development for investors and residents alike.
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