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Stock impact report

PG&E plans to raise up to $25.68 billion by selling securities [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
PG&E plans to raise up to $25.68 billion by selling securities (Reuters) - California power producer PG&E Corp ( PCG.N ) said on Tuesday it plans to raise up to $25.68 billion by selling securities, as it works its way out of the bankruptcy process. The company is restructuring amid Chapter 11 proceedings, while trying to bounce back from the negative publicity after its equipment in California was blamed for the deadly wildfires. PG&E needs to exit bankruptcy by June 30 to participate in a state-backed fund that would help power utilities cushion the hit from wildfires. ( bit.ly/2PER7wH ) Show less Read more
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