$EIX vs $PCG: Edison International and PG&E Navigate Shared Wildfire Risks with Different Outcomes Both EIX and PCG are California-regulated utilities, but they serve different territories: Edison International operates mainly through Southern California Edison, while PG&E serves Northern and Central California. Wildfire liability reform is the dominant shared risk, and stalled legislation has weighed heavily on both stocks in recent market activity. EIX has reaffirmed its 2026 core earnings guidance and long-term growth targets, while PCG has launched a strategic review and withdrawn its long-term earnings growth guidance.