PG&E stock soars as CPUC president says company too big to fail

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PG&E stock soars as CPUC president says company too big to fail

By Bloomberg News / Friday, November 16th, 2018 / Comments Off on PG&E stock soars as CPUC president says company too big to fail

Bloomberg News PG&E soared the most in 17 years after the head of California’s Public Utilities Commission said he can’t imagine allowing the company to go bankrupt as it faces billions of dollars in potential liability from deadly wildfires. PG&E was up 38 percent at 10:27 a.m. PST in New York, after a roller-coaster ride…

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