PG&E Selloff Continues as Wildfires Rage - News Summed Up

PG&E Selloff Continues as Wildfires Rage


In Paradise, Calif., investigators combed through neighborhoods reduced to ash, searching for human remains after the Camp Fire wildfire swept through the town. Photo: Erin AilworthShares of PG&E Corp. plummeted a second straight day as concerns about what role a transmission-line malfunction may have played in Northern California’s Camp Fire mount. Shares of California’s largest utility company closed down another 30% Thursday to their lowest price since 2003. The stock closed down 22% Wednesday. For the week, PG&E is down about 55%, its worst week on record.


Source: Wall Street Journal November 15, 2018 17:51 UTC



Loading...

Loading...