PG&E Plunges on Exposure to Up to $18 Billion in Damage Claims [TheStreet.com]
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: TheStreet.com
PG&E Plunges on Exposure to Up to $18 Billion in Damage Claims Shares of embattled California utility Pacific Gas & Electric ( PCG Get Report Shares of PG&E slumped nearly 28% to $10.29 on Monday after U.S. Judge Dennis Montali on Friday lifted a freeze on lawsuits tied to the 2017 Tubbs fire, which killed 22 people and destroyed more than 5,600 structures in Sonoma and Napa counties. The move opens the door for victims pursuing claims against PG&E to start preparing for a trial. In a separate ruling, Montali sided with the utility and rejected requests from two groups of creditors who wanted to propose their own ways to restructure the company. Montali said opening up the bankruptcy to competing plans at this point would have led to "expensive, lengthy and uncertain disputes" that wouldn't benefit the fire victims. PG&E has outlined its plan to exit the biggest utility bankruptcy in U.S. history, promising to largely protect the value of its shares. The company said it plans to fi
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
- Immigration Helps The U.S. Economic Forecast, Says One Data Set [Forbes]Forbes
- Popular Italian restaurant in San Francisco pivoting amid tough economic realities [Yahoo! Finance]Yahoo! Finance
- PG&E in Talks with KKR to Sell Minority Stake in Power Unit [Yahoo! Finance Canada]Yahoo! Finance Canada
- PG&E Set to Sell Power Assets to Global Investor KKR [Yahoo! Finance]Yahoo! Finance
- PG&E In Talks with KKR to Sell Minority Stake in Power Business [Yahoo! Finance]Yahoo! Finance
PCG
Earnings
- 4/25/24 - Beat
PCG
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form 144
- 4/25/24 - Form 8-K
- PCG's page on the SEC website