See Utilities Die at PG&E — Market Mad House
Pacific Gas & Electric (PCG) or PG&E shows why utilities are no longer a widow and orphan stocks.
PG&E (PCG) just emerged from a $59 billion Chapter 11 Bankruptcy and it already faces a lawsuit over another wildfire, GreenTechMedia reports. The suit arises from the October 2019 Kincade Fire, which burned 77,528 acres and destroyed 374 buildings.
The California Department of Forestry and Fire Protection alleges that a PG&E transmission line started the Kincade fire in Sonoma County, GreenTechMedia reports. Attorneys for property…