PG&E Corp. shares plunged more than 20% Monday as concerns mounted that the company might be forced to seek bankruptcy protection because of billions of dollars in liabilities tied to California’s recent wildfires. At midday, shares of California’s largest utility had dropped below $20 for the first time since mid-November, continuing what has been a roller-coaster ride for investors since the Camp Fire that month killed 86 people and destroyed about 14,000 homes in the northern part of the state.

Source: Wall Street Journal January 07, 2019 17:00 UTC