- California's deadliest and most destructive wildfire in its history broke out on November 8.
- The utility on Friday reported that it experienced another power-line outage when the so-called Camp Fire broke out.
- A regulator Thursday said he couldn't imagine letting the California utility declare bankruptcy even as it faces huge liabilities from the wildfire.
- Watch PG&E trade live.
ADVERTISEMENT
California's biggest utility provider plunges after disclosing it suffered a 2nd outage as the deadly Camp Fire started (PCG)
PG&E dropped as much as 7% on Monday after the utility company disclosed that it experienced another power-line outage when the deadly Camp Fire broke out.
null
In a previousfilingexperienced problems with transmission lines
Now read:
ADVERTISEMENT
- PG&E shares dive after utility flags impact from Camp fire
- California's biggest utility provider has seen half its market value wiped out since the wildfires started
- California's biggest utility provider spikes after regulator eases fears of bankruptcy following deadly wildfire
null
BusinessInsider
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
ADVERTISEMENT