Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.
The California supplier of gas and electricity fell to $10.05 — about 30% — on the week's first day of trading before paring one-day losses to about 27%.
That fire, the second-most destructive in the state's history, preceded the 2018 Camp Fire, which became California's worst. The California supplier of gas and electricity fell to $10.05 — about 30% — on the week's first day of trading before paring one-day losses to about 27%. The plunge represented its worst day on Wall Street since PG&E first announce plans to file for bankruptcy in January.
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