PG&E CEO Says AI Data Centers Are Boosting California’s Power Demand But Wildfire Liability Reform Remains A ‘Real Challenge’
PG&E CEO Patti Poppe told CNBC that the Los Angeles wildfires heightened credit-rating agencies’ concerns about wildfire exposure, adding to the company’s borrowing costs. Poppe said higher borrowing costs have added $600 million to customer costs over the past two years. The utility recently reported a 12.7-gigawatt data-center pipeline. PG&E reduced its planned full-year 2027 … Read more