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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 0.0  0.0%

Sector
Utilities
Size
Large Cap
Market Cap £4.22bn
Enterprise Value £30.19bn
Revenue £13.51bn
Position in Universe th / 6855

Pacific Gas to take $2.5 bln charge related to California wildfires

Thu 21st June, 2018 11:45am
June 21 (Reuters) - PG&E Corp  PCG.N  and its Pacific Gas
and Electric utility will record a pre-tax expense of $2.5
billion in the three months ending June 30, related to the
California wildfires last year.
    Earlier this month, the California Department of Forestry
and Fire Protection said its investigators had found "evidence
of alleged violations of state law" by Pacific Gas and referred
those cases to county prosecutors for further review.
 urn:newsml:reuters.com:*:nL2N1TB00P

 (Reporting by Parikshit Mishra in Bengaluru)
 ((Parikshit.Mishra@thomsonreuters.com; +91 80 6749 6026;))
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