Monday 17 December 2018
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wn.com - 1 month ago

California s PG E rocked as wildfire liability concerns rise

SAN FRANCISCO (AP) — PG E s stock lost more than 20 percent of its value Wednesday after the utility said it does not have nearly enough insurance coverage if it is found liable for a Northern California wildfire that has left at least 48 people dead and destroyed about 7,700 homes. San Francisco based Pacific Gas Electric Corp. told Wall Street regulators that if its equipment were found to have...

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