Bankrupt PG&E to take $4.9 billion more charge on wildfire victim claims [Reuters]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
Check Earnings Report
US:NYSE Investor Relations:
finance.yahoo.com/quote/pg
Company Research
Source: Reuters
Bankrupt PG&E to take $4.9 billion more charge on wildfire victim claims (Reuters) - PG&E Corp said www.sec.gov/ix?doc= /Archives/edgar/data/75488/000095015719001393/form8-k.htm on Monday it would take a pretax charge of $4.9 billion in the current quarter related to the settlement of claims from victims of some of most devastating wildfires in California's modern history. The bankrupt power producer said on Friday it had reached a $13.5 billion settlement with victims of 2017 and 2018 wildfires. The company had already taken a $2.5 billion charge in the last quarter for estimated third-party claims related to 2017 wildfires and 2018 Camp fire. The agreement with the victims announced on Friday was one of the last hurdles for the company to emerge from bankruptcy. It filed for Chapter 11 protection in January, citing potential liabilities in excess of $30 billion from wildfires in 2017 and 2018 linked to its equipment. PG&E had previously settled for $1 billion with cities, counties a
Show less
Read more
Impact Snapshot
Event Time:
PCG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PCG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PCG alerts
High impacting Pacific Gas & Electric Co. news events
Weekly update
A roundup of the hottest topics
PCG
News
- What Is PG&E Corporation's (NYSE:PCG) Share Price Doing? [Yahoo! Finance]Yahoo! Finance
- PG&E hit with $225-million lawsuit for 2021 Dixie fire damages [Los Angeles Times (CA)]Los Angeles Times
- Forest owners file $225M lawsuit against PG&E for Dixie Fire damages [CBS News]CBS News
- Massive fire burns at wood pallet warehouse near Tracy; 19 homes evacuated [CBS News]CBS News
- Business Profit Opportunities In The Tight Labor Market [Forbes]Forbes
PCG
Earnings
- 2/22/24 - Beat
PCG
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- PCG's page on the SEC website