PG&E’s $30 billion in potential liabilities is worrying debt holders who fear they won’t be paid
|01/15/2019||Posted by BusinessMediaguide.Com under General World News||
- Trading figures for California’s largest gas and power company signal that investors fear losses as a result of PG&E’s exposure to $30 billion in liabilities.
- Prices have dropped 8.4% to trade at around $83, and yields are up 13.5% as investors remain uncertain about the company’s future.
- Other debt holders will be wary of the potential for further complications in the event that further wildfires damage the company during its re-organization process.
PG&E’s woes have battered investors in the stock. Holders of the company’s bonds are growing worried, too.
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