PG&E shares and bonds plunge as California wildfire risks mount

PG&E .....»»

PG&E Corp. shares fell another 30% on Wednesday to bring their week-to-date losses to 43%, after the utility said its insurance may not cover the possible losses from the worst wildfire in California history......»»

PG&E Corp. shares fell another 30% on Wednesday to bring their week-to-date losses to 43%, after the utility said its insurance may not cover the possible losses from the worst wildfire in California history......»»

California’s largest utility suffered its steepest stock plunge in 16 years Wednesday as concerns grew that potential liability costs from destructive wildfires threaten the company’s financial future......»»

Shares of PG&E opened sharply higher on investor hopes that California officials would move to rescue the utility from wildfire-related liabilities that threaten to plunge it into bankruptcy......»»

PG&E Corp's shares dived more than 22 percent on Monday after sources said the California utility is exploring filing for bankruptcy protection as it fears a massive charge in the fourth quarter related to potential liabilities from wildfires......»»

Pacific Gas & Electric shares extended declines Tuesday following a move by Standard & Poor's to cut the California utilities credit rating into junk status as it grapples with billions in costs......»»

Global shares took a beating on Tuesday, wiping out all gains made at the start of the week as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets......»»

Asian shares took a sudden turn for the worse on Tuesday as mounting concerns about a new strain of coronavirus in China sent a ripple of risk aversion through markets......»»

Asian shares took a sudden lurch lower on Tuesday as mounting concerns about a new strain of pneumonia in China sent a ripple of risk aversion through markets......»»

Shares of PG&E fell 22% in premarket trade as the governor of California, Gavin Newsom, is demanding changes to the utility's plan to pay wildfire victims and exit bankruptcy. Newsom said the plan doesn't result in a reorganized co.....»»

Shares of bankrupt California power utility PG&E Corp extended losses on Monday as investors worried that its equipment might be responsible for wildfires spreading in northern California......»»

California regulators said on Monday they will open a formal probe of whether utilities violated any rules by cutting power to millions of residents for days as a precaution during recent periods of high winds and heightened wildfire risks......»»

The California Public Utilities Commission on Monday said it would open a formal investigation of wide-scale precautionary power outages imposed by several utilities this month as high winds posed heightened wildfire risks across the state......»»

Shares of PG&E Corp. plummeted 20% toward a record low in very active trading, again, as investors grow increasingly concerned of negative impact of the Kincade fire raging in wine country in Son.....»»

Shares of PG&E Corp. plummeted on heavy volume toward a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless......»»

A California dentist canceled dozens of appointments and supermarkets tried to save rotting food on Thursday as electricity was cut to over 600,000 homes and workplaces in a second day of planned power outages to cut wildfire risks......»»

Shares of California utility PG&E Corp. were slammed on Thursday, as the second day of power cuts left more than 1.5 million people in the northern part of the state in the dark, with a victory for bondholders in a bankruptcy ruling added to the gloom......»»

Electricity was shut off to nearly 750,000 California homes and workplaces on Wednesday as Pacific Gas and Electric Co (PG&E) imposed a string of planned power outages of unprecedented scale to reduce wildfire risks posed by extremely windy, dry weather......»»

Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the utility said......»»