S&P 500-Listed Utility Stocks Pare Losses After Postponed Vote On Newsom Wildfire Bill

On Tuesday, California utility stocks pared some losses suffered during a rout that followed a Monday deal between Gov. Gavin Newsom and state legislators regarding a bill intended to manage liability for wildfires. The state Assembly declined to bring the bill to a vote Tuesday, effectively killing the measure. S&P 500 stock Edison International (EIX) rebounded 8.9% in late trade…