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  • PG&E stock plunges to record low after Citi warns it could be worthless

    10/28/2019 6:43:03 AM PDT · by Eccl 10:2 · 50 replies
    Marketwatch ^ | PG&E stock plunges to record low after Citi warns it could be worthless
    Shares of PG&E Corp. plummeted on heavy volume to a record low Friday, after Citigroup warned that the latest California wildfire, which the utility may have helped start, could render them worthless. PG&E PCG-28.5% said Friday that it filed an incident report with the California Public Utilities Commission (CPUC) regarding the “Kincade” fire, which broke out near Geyserville in Sonoma County.