PG&E is tanking after S&P downgrades it to junk (PCG)

PG&E's credit rating was cut to junk at S&P Global Ratings, sending shares down more than 10% early Tuesday.
The downgrade came as bad news has piled up for PG&E amid its potential liabilities from last year's California wildfires, the credit-rating agency said.
On Friday, the utility announced that its board of directors would review the company's management. Meanwhile, a report said PG&E was considering filing for bankruptcy protection.
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PG&E, Cali