Senior Fellow John MacWilliams testifies before the Subcommittee on Energy, and the Subcommittee on Environment and Climate Change, regarding the impact of wildfires on the domestic power sector and the environment.

Photo of the Camp Fire wildfire

John MacWilliams, Sarah La Monaca and James Kobus analyze the PG&E bankruptcy, assess how capital markets have reacted to the bankruptcy through the lens of valuations in the US utility sector, and discuss the policy implications of California’s recent legislative response to wildfire risk.