PG&E Stock Plummets In Days After Camp Fire
BUTTE COUNTY (CBS13) — While the cause of the Camp Fire remains under investigation, PG&E stock took a huge hit Wednesday on Wall Street.
This drop comes after the utility reported trouble with one of its transmission lines minutes before the fire started. The stock lost half of its value, falling 22 percent, over five days. This was PG&E’s steepest single-day dive in a decade.
While no one from the company would comment on the dip, PG&E admits it may not survive financia
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