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PG&E shares, debt rebound as regulator soothes bankruptcy fear
26 days ago - By Reuters
Shares of embattled utility PG&E Corp surged 37 percent on Friday as fears it could be bankrupted by potential liability from California's deadliest-ever wildfire were assuaged by signs of support from a regulator.
Read more ...PG&E options traders bet stock not out of the woods yet
26 days ago - By Reuters
The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider's options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term.
Read more ...PG&E shares, debt recover as regulator eases bankruptcy fears
26 days ago - By Reuters
Shares of embattled utility PG&E Corp jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California's deadly wildfires were eased by signs of support for the company from one regulator.
Read more ...California's biggest utility provider spikes after regulator eases fears of bankruptcy following deadly wildfire
26 days ago - By Business Insider
California's deadliest and most destructive wildfire broke out last Thursday.
The Pacific Gas and Electric Company said it could be responsible for the fire and had exhausted its revolving line of credit to pay for a fire-related liability.
California Public Utilities Commission President Michael Picker said he couldn't imagine letting the California utility declare bankruptcy.
Shares were under pressure recently but rallied on Friday following Picker's comments.
Watch PG&E trade live here.
The Pacific Gas and Electric Company soared as much as 45% early Friday after a regulator said he...
Read more ...PG&E shares jump as regulator eases bankruptcy fears
26 days ago - By Reuters
Shares of embattled utility PG&E Corp jumped 40 percent on Friday as fears it could be bankrupted by the fallout of California's deadly wildfires were eased by signs of support from one regulator for the company.
Read more ...
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