PG&E CEO calls on California to pass wildfire reform after the shelved effort crushed the stock

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PG&E CEO Patti Poppe said Wednesday she's hopeful the fight over California wildfire liability reform isn't over. "We really are hopeful that they'll be able to find their way to get back to the table and finish the job for our customers," Poppe said on CNBC's "Mad Money." "The people of California are waiting."Shares of PG&E and fellow utility Edison International have fallen 20% and 21%, respectively, this week after lawmakers failed to advance a proposal that would have limited the amount of money individuals could seek from utility companies whose equipment ignited wildfires. PG&E is a utility company that provides electricity and natural gas to millions of people in California. Consumer advocacy groups, including those for wildfire victims, have criticized efforts to shield utilities from liability for fires caused by their equipment, arguing the utilities must do more on prevention. Last year's deadly Eaton fire near Los Angeles was caused by an idle transmission tower owned by Edison, according to fire officials in Los Angeles County.Speaker of the Assembly Robert Rivas issued a statement that said, "Sacramento shouldn't settle when wildfire survivors lost everyt...

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