UPDATE 1-PG&E;'s wildfire risks mount; shares and bonds plunge [Reuters]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Reuters
UPDATE 1-PG&E;'s wildfire risks mount; shares and bonds plunge | Reuters 4 Min Read (Adds details of stock and bond drops, insured loss estimates) Nov 14 (Reuters) - PG&E; Corp, the electricity provider in the Northern California region being ravaged by the deadly Camp Fire, warned that it could face “significant liability” in excess of its insurance coverage in the event that its equipment is found to have caused the blaze. In a bid to shore up its finances, the company also said in a regulatory filing late Tuesday it had borrowed more than $3 billion under credit lines available to it and its Pacific Gas and Electric Co power utility, the maximum available from those sources. That brought the total cash on hand for the company to more than $3.4 billion from just $440 million at the end of September. The developments triggered fresh pressure on PG&E;’s shares, and, for the first time since the fire’s outbreak on Nov. 8, prices on more than $18 billion of PG&E; bonds dropped substanti
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- Economic Growth, Labor Productivity And Investment [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