PG&E (PCG) Provides Update on Wildfires Financial Impact; Including $10.5B Pre-Tax Charge
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PG&E Corporation Provides Update on Financial Impact of 2017 and 2018 Wildfires; Reports on Progress of Enhanced Wildfire Safety Inspections
February 28, 2019 8:45 AM ESTReports Full-Year and Fourth-Quarter 2018 Earnings
Records $10.5 Billion Charge Related to 2018 Camp Fire and Additional $1.0 Billion Charge Related to 2017 Northern California Wildfires Caribou-Palermo Transmission Line in Butte County Associated with 2018 Camp Fire to Remain Out of Service Until Determined to Be Fully Safe or Decommissioned Completes Two-Thirds of Enhanced Electric Transmission Inspections in High Fire-Threat Areas Since November 2018SAN FRANCISCO--(BUSINESS WIRE)-- PG&E Corporation (NYSE: PCG) today provided an update on the expected financial impact of... More
