4 Articles
4 Articles
California’s PG&E Plummets 19% Over Wildfire Liability Concerns
PG&E shares plummeted to a 52-week low Monday.
PG&E fell 21%, its biggest intraday decline since 2020. Edison plummeted 23%, its biggest fall since 2018. Sempra’s shares fell 5.6%
PG&E Shares Drop 7.5% After Wildfire Liability Deal Fails, Wiping Out $3 Billion
OAKLAND, California, August 30, 2026, 03:05 (EDT) – PG&E shares tumbled 7.5% after efforts to resolve the company’s wildfire liability broke down, erasing about $3 billion in market value. PG&E ended Friday at $16.60, falling 7.52%, with 114.37 million shares traded. The drop wiped out approximately $3.1 billion in implied market capitalization. California legislators voted…
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