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No. 1 U.S. utility PG&E prepares bankruptcy filing after California wildfires
(Reuters) - PG&E Corp (PCG.N), owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.
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Its shares plunged 55 percent on Monday to $8.92, giving it a market capitalisation of less than $5 billion. The stock is down 88 percent from late 2017, before wildfires devastated PG&E's service areas.
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https://finance.yahoo.com/news/pg-e-prep...39473.html
![[Bild: PCGc1dl1540.png]](https://finviz.com/publish/011419/PCGc1dl1540.png)
(Reuters) - PG&E Corp (PCG.N), owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.
...
Its shares plunged 55 percent on Monday to $8.92, giving it a market capitalisation of less than $5 billion. The stock is down 88 percent from late 2017, before wildfires devastated PG&E's service areas.
...
https://finance.yahoo.com/news/pg-e-prep...39473.html
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