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Dec. 16, 2019, 6:14 a.m. EST

PG&E slumps in premarket trade as California governor objects to plan to exit bankruptcy

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By Steve Goldstein

PCG

Shares of PG&E /zigman2/quotes/202583141/composite PCG +2.15% fell 22% in premarket trade as the governor of California, Gavin Newsom, is demanding changes to the utility's plan to pay wildfire victims and exit bankruptcy. Newsom said the plan doesn't result in a reorganized company positioned to "provide safe, reliable and affordable service." PG&E have already dropped 53% this year.

/zigman2/quotes/202583141/composite
US : U.S.: NYSE
$ 10.00
+0.21 +2.15%
Volume: 19.75M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$19.41 billion
Rev. per Employee
$698,292
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