PG&E stock dives on reports it may face $30 billion in fire liabilities and may file for bankruptcy - News Summed Up

PG&E stock dives on reports it may face $30 billion in fire liabilities and may file for bankruptcy


PG&E, too, has not called itself responsible for the Camp fire. But in November, it told the California Public Utilities Commission that shortly before the fire began, it experienced power outages in the areas close to the blaze’s origin. PG&E has said a transmission line in the area went offline about 15 minutes before the Camp fire was first reported. It also has said it found a damaged transmission tower near where investigators said the fire began.


Source: Los Angeles Times January 07, 2019 17:15 UTC



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