基本信息
文件名称：【高盛-2025研报】美洲公用事业：对加州潜在立法（关注客户负担能力）的股价反应过度；回调后更青睐PCG.pdf
文件大小：412.42 KB
总页数：10 页
更新时间：2025-07-02
总字数：约5.78万字
文档摘要

15June2025|8:04PMEDT

AmericasUtilities:SharepricereactionstopotentialCAlegislation

focusedoncustomeraffordabilityoverdone;preferPCGafterpullback

Thisweek,Californiautilitystocks,inparticularPCG(Buy)andEIX(Neutral),haveCarlyDavenport

+1(212)357-1914|

comeunderpressurelargelyduetoconcernsonlegislationaroundcustomercarly.davenport@

GoldmanSachsCo.LLC

affordabilitythatrecentlypassedthroughtheSenate.PCGsharesaredown10%,

BeatrizAbreu,CFA

EIXisdown13%,andSREisdown3%inthepastweek.Ultimately,webelievethe+1(212)357-0455|

beatriz.abreu@

selloffisoverdonegivenitisstillearlyonSB254andtherecouldbechangestotheGoldmanSachsCo.LLC

billaheadofa?naliterationifitweretopass(wetakenoviewonlikelihoodofitJaskaranJaiya

+1(332)245-7709|

passing),andgivenalackofde?nitiveupdatesonbroaderwild?relegislation.Givenjaskaran.jaiya@

GoldmanSachsIndiaSPL

PCG’slackofdirectexposuretotheLACountywild?researlierthis