PG&E stock extends losses on wildfire fallout

MarketPulse


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.

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