With record levels of dry powder available for investment, find out what's in store for private markets in 2025 and beyond.

Listen to crafting capital in partnership with UBS at partners.wS.J.com slash UBS, Spotify and Apple Podcasts.

These Southern California wildfires that occurred in January have nothing to do with our equipment

or our company, but leaves investors concerned that there is no backstop in the event of a fire

if it were to occur in 2025.

Hello and welcome to the Barron Streetwise podcast.

I'm Jack Howe, and the voice you just heard is Patty Poppy. She's the CEO of

Pacific Gas and Electric or PG&E. In a moment, we'll explain why PG&E shares have slid this year.

It's not the LA fires. That's a different utility. But also, it totally is the LA fires because of

something called the California Wildfire Fund.

We'll explain and we'll hear from Patty.

Plus, we'll answer one of your questions about S&P 500 equal weight funds.

Yes, Matt, it's your question.

Stop jumping up and down for joy.

It's really our pleasure.

We'll also get a broad market

overview from the chief investment officer at B of A private bank and Merrill.

Listening in is our audio producer, Jackson. Hi, Jackson. Welcome back. Hey, Jack. You are a

California, a California utility bill payer. We've heard about people there being upset about their

electricity costs. What have you seen? You're also an anomaly, which I'll explain in a moment,

but what have you seen in

terms of the rates? So 10 years ago, if I lived in this same apartment, I would have paid

...