To direct the Secretary of Energy to establish and carry out a Public Safety Power Shutoff Event Reporting Program.

On October 19, 2026, Rep. George Whitesides (D-CA-27) introduced HR10854, a bill to create a federal reporting program for Public Safety Power Shutoff (PSPS) events. PSPS events are proactive de-energizations by electric utilities to prevent wildfires, most commonly used in California and other fire-prone regions. The bill directs the Secretary of Energy to establish and carry out this program, implying data collection, analysis, and reporting on the frequency, duration, and impacts of PSPS events. As of the latest action, the bill has been referred to the House Committee on Energy and Commerce. No further legislative action has occurred, and there are no cosponsors. The bill does not authorize any specific funding amount, meaning any implementation costs would require future appropriations. The sponsor, Rep. Whitesides, is a first-term representative, which typically indicates lower legislative momentum. The bill's impact on major publicly traded utilities in our dataset—such as Duke Energy ($DUK), NextEra Energy ($NEE), and Southern Company ($SO)—is minimal. These companies operate primarily in the Southeast and Florida, where wildfire risk and PSPS events are far less common than in the Western U.S. The reporting requirement would add a modest compliance burden, but the direct financial impact is negligible relative to their multibillion-dollar revenues. No other tickers in our dataset (oil majors, solar manufacturers, or equipment suppliers) are directly affected by a reporting program. The legislative path ahead is long: the bill must pass committee, receive a floor vote in the House, clear the Senate, and be signed by the President. Given the early stage and lack of funding, this bill is unlikely to move markets in the near term.