Shares of PG&E Add More Than 9%

Date : 11/05/2019 @ 4:08PM
Source : Dow Jones News
Stock : Pacific Gas and Electric Company (PCG)
Quote : 13.08  0.45 (3.56%) @ 1:00AM
After Hours
Last Trade
Last $ 13.06 ▼ -0.02 (-0.15%)

Shares of PG&E Add More Than 9%

Pacific Gas and Electric (NYSE:PCG)
Historical Stock Chart

3 Months : From Oct 2019 to Jan 2020

Click Here for more Pacific Gas and Electric Charts.
   By Allison Prang 
 

Shares of PG&E Corp. (PCG) rose 9.4% Tuesday morning.

The Wall Street Journal reported earlier that more than a dozen California mayors, including those of Oakland and Sacramento, were supporting a plan to turn PG&E into a cooperative owned by customers.

The Journal's story said a group of local government leaders were planning to deliver a letter to California's governor and the state's public utilities commission advocating that this proposal be considered before California approves a plan for the company's organization under bankruptcy.

Investors and insurance companies also have revised their settlement with PG&E that determines what will happen if PG&E becomes insolvent. The settlement is part of the company's restructuring plan.

Shares of PG&E have fallen 27% in the last month and 67% year to date.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

November 05, 2019 10:53 ET (15:53 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest PCG Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.