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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.

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  • 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.
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In a previousfilingexperienced problems with transmission lines

  • 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

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