Macro
Search catalysts, news stories, and pressures, or browse the trust-weighted news feed below.
month values ▾
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.47 | +0.10 | +0.05 | -0.54 | -0.05 | +0.00 | +0.00 | +0.00 | -0.10 | -0.30 | -0.35 | -0.35 |
Utilities sentiment is neutral this month despite PG&E's bankruptcy filing, as the event is seen as an isolated consequence of wildfire liabilities rather than a systemic issue across the sector. The broader utilities industry remains stable, with no widespread regulatory or financial pressures emerging to shift overall sentiment negatively. Investors are treating PG&E's situation as company-specific, allowing the sector to hold steady amid typical operational and regulatory backdrops.
How this mood is scored ▾
Pacific Gas and Electric, California's largest utility, filed for Chapter 11 bankruptcy due to an $8.9 billion deficit from soaring power costs and rate restrictions. The move impacts lenders and bondholders, who may face massive write-offs, while raising concerns over future investment in infrastructure. The company blames failed state negotiations, shifting resolution efforts to federal courts.