The wildfire liabilities that sent investor-owned Pacific Gas & Electric into Chapter 11 are beginning to have a rating impact on California’s public electric utilities. PG&E filed for bankruptcy in January, facing billions of dollars in claims for property damage and loss of life from wildfires in its service area. Rating agencies have also downgraded California’s two other large investor-owned utilities because of similar risks they face from operations in high-risk wildfire areas and California’s inverse condemnation law.