A significant reduction in spending is planned by a utility company. The amount to be deferred is substantial, at $2 billion, and will impact various projects. This decision follows the failure of a liability reform measure.

The utility's plans for new connections and developments will be affected, including those for homes and renewable energy projects. A total of $11.4 billion is now allocated for capital spending in 2027.

Further details on the impact of this spending reduction can be found through the source, which reported on the utility company's announcement and the circumstances surrounding it.