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
  • 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.

In a previousfilingexperienced problems with transmission lines

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

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Top 10 most ethnically diverse countries in Africa

Top 10 most ethnically diverse countries in Africa

African countries with the cheapest household electricity prices

African countries with the cheapest household electricity prices

Top 10 African countries producing Palm Oil

Top 10 African countries producing Palm Oil

Top 10 African cities with the highest population growth from 2022 to 2023

Top 10 African cities with the highest population growth from 2022 to 2023

Kenyans in diaspora tend to send more money home the weaker the Kenyan shilling gets

Kenyans in diaspora tend to send more money home the weaker the Kenyan shilling gets

PTAD set to unveil “I Am Alive confirmation portal for pensioners

PTAD set to unveil “I Am Alive” confirmation portal for pensioners

Train crash: Bus driver begs for forgiveness after psychiatric, drug tests

Train crash: Bus driver begs for forgiveness after psychiatric, drug tests

Top 10 African countries with the most transparent GDP data

Top 10 African countries with the most transparent GDP data

5 ranking PDP lawmakers who became Labour Party casualties

5 ranking PDP lawmakers who became Labour Party casualties

ADVERTISEMENT
ADVERTISEMENT