Entering text into the input field will update the search result below

PG&E to take $2.5B charge due to California wildfires

Jun. 21, 2018 7:41 AM ETPG&E Corporation (PCG) StockBy: Carl Surran, SA News Editor10 Comments
  • PG&E (NYSE:PCG) and its Pacific Gas and Electric utility say they will record a $2.5B pre-tax charge in the current quarter, related to last year's northern California wildfires.
  • PG&E CEO and President Geisha Williams says recording the charge was made necessary because of California’s "flawed policy of inverse condemnation and demonstrated the urgent need to reform the policy."
  • California's Department of Forestry and Fire Protection earlier this month said its investigators found evidence of alleged violations of state law by PG&E and referred the cases to county prosecutors for further review.

Recommended For You

About PCG Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
PCG--
PG&E Corporation