• PG&E tumbles more than 50% in premarket trading after California fire fallout leads CEO to quit

    3 days ago - By Business Insider

    PG&E, California's largest gas and power company, dropped more than 50% 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.
    Devastating wildfires engulfed much of northern California last year, now they're engulfing the state's largest utility.
    PG&E, short for Pacific Gas and Electric, plunged 51% in New York premarket trading after the...
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