PG&E stock extends losses on wildfire fallout


PG&E Corp.

PCG, -1.33%

shares fell more than 3% Tuesday to hover at their lowest since mid-October 2008 amid scrutiny over the role some of the company’s power lines may have played in a deadly Northern California wildfire that is only 30% contained. According to several news outlets, the company reportedly knew of problems with its power lines in the area. Shares of PG&E on Monday ended at their lowest since October 2008. The wildfire has killed at least 42 people and is the deadliest in California’s history.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.

Leave a Reply

Your email address will not be published. Required fields are marked *