PG&E wins California safety certificate, protecting from fire liability (NYSE:PCG) | Seeking Alpha

PG&E wins California safety certificate, protecting from fire liability (NYSE:PCG) | Seeking Alpha: PG&E (PCG +4.6%) powers higher after the California Public Utilities Commission grants the utility a new wildfire safety certificate, Bloomberg reports.The certificate is said to be valid for 12 months and allows PG&E to use financing from California's wildfire fund to help pay for any fire it startsCiti analyst Ryan Levine says the certificate is "a big win and protects shareholders for the entire next wildfire season from wildfire liabilities."The PG&E share price is "a classic case of market mispricing," Robert Honeywill writes in a bearish analysis published on Seeking Alpha.