PG&E Down 1% on $1.25 Billion Proposed Fine for Fatal San Bruno Explosion

Comment

Shutterstock photo

Shares of PG&E Corp ( PCG ) are down more than 1% to $46.60 after San Bruno, Calif. officials are proposing that the California Public Utilities Commission order PG&E to pay $1.25 billion in fines after a fatal pipeline explosion in San Bruno California on September 9, 2010.

The explosion of the high-pressure natural-gas pipeline caused a massive fire that killed eight people, injured 58 others, and damaged or destroyed more than 100 homes.

The new sum would be in addition to about $1 billion state regulators already have ordered PG&E to pay.

PCG is trading within a 52-week range of $39.40 to $48.50

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.



This article appears in: Investing , Commodities


More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com