PG&E soars after filing for bankruptcy protection (PCG)
|01/29/2019||Posted by BusinessMediaguide.Com under General World News||
- PG&E soared Tuesday after filing for bankruptcy protection. The company is the largest power utility in the US.
- PG&E endured an estimated $16.5 billion in losses from the unprecedented California Camp Fire last year.
- Watch PG&E trade live.
PG&E, the largest power utility in the US, soared 17% Tuesday after filing for bankruptcy protection.
PG&E is estimated to have lost $16.5 billion in total from last year’s unprecedented Camp fire in California. Reinsurance company Munich Re pegged the fire as the world’s most expensive natural disaster of 2018, Reuters reported.