PG&E say it might go bankrupt as California fire fallout sends its shares tumbling more than 40% in premarket trading (PCG)
- PG&E, California's largest gas and power company, dropped more than 40% in premarket trading Monday.
- The utility is facing billions of dollars in potential liabilities after it was accused of negligence in one of the state's most destructive wildfires last year.
- CEO Geisha Williams replaced as PG&E com templates bankruptcy following a 27% drop in its share price last week.
- Company confirms it will seek Chapter 11 bankruptcy on or around January 29 in a statement. Читать дальше...