PG&E Shares Hammered As Potential Liabilities Mount

NEW YORK (AP) – California’s largest power company is getting battered in midday trading on reports that it’s considering bankruptcy protection in the face of potentially crippling liability damages from a spate of wildfires.
No cause has been determined for the source of California’s Camp Fire, but PG&E reported an outage around the time and place the fire was ignited. Another transmission line malfunctioned a short time later, possibly sparking a second fire.
Reuter