California Utility Stocks Plummet As Wildfires Spread

2018-11-10 1

According to a report by Reuters, on Friday, shares of California power utilities plummeted as wildfires once again are tearing across the state, leaving thousands of customers without gas or electricity. PG&E Corp sank 15 percent and was on track for its biggest one-day drop since 2002, while Edison International, dropped 13 percent.

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