I'm Watching PG&E Closely, but Here's Why I Haven't Bought the Dip

PG&E stock has plunged 25% over the past month following California's amendment to wildfire reform legislation (SB 492) that removes protections for utilities against insurance lawsuits. While the stock decline may attract dip buyers, the author cautions against investing due to ongoing political and regulatory risks in California. Fitch Ratings downgraded PG&E's outlook to negative, citing challenging legislative conditions.