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PCG PR H - Pacific Gas And Electric Co News Story

$22.5 0.4  1.9%

Sector
Utilities
Size
Large Cap
Market Cap £4.20bn
Enterprise Value £30.33bn
Revenue £13.60bn
Position in Universe th / 6846

BUZZ-PG&E: Down on criminal charges related to 2019 Kincade fire

Wed 7th April, 2021 4:33pm
** Shares of gas and electric utility  PCG.N  down 1% at
$11.32
    ** California's Sonoma County District Attorney's office
files a criminal complaint against PCG related to the 2019
Kincade fire  urn:newsml:reuters.com:*:nBw6378hma
    ** "We will accept CAL FIRE's finding that a PG&E
transmission line caused the fire, even though we have not had
access to the agency's report or the evidence it gathered" - PCG
    ** PCG says do not believe there was any crime
    ** PG&E serves more than 16 million people across 70,000
square miles in Northern and Central California
    ** PCG is down ~9% so far this year 

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))
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