PCG Stock Pops as Company Plans Bankruptcy Exit
PCG stock is soaring today after PG&E (NYSE:PCG) unveiled its plan to exit bankruptcy, including a shakeup to its board and an increased focus on safety. The troubled California utility provider has been in crisis ... [Read]
PCG Stock Surges After PG&E Wins Support from Bondholder Group
PCG stock is moving sharply higher after PG&E Corporation (NYSE:PCG) settled its dispute with bondholders Pimco and Elliott Management over its reorganization. Major Relief When a company manages to settle its issues with bondholders, then ... [Read]
PCG Stock Extends Rally on Upgrade, Gains 25% This Week
When a troublesome company is on the verge of a deal with its creditors, then it generally has a positive effect on the stock, and that is what happened with PCG stock on Tuesday. On ... [Read]
PCG Stock Drops Despite Court Ruling in Favor of Lower Interest Rates
PCG stock is in the red today despite a bankruptcy court ruling in favor of Pacific Gas and Electric Co (NYSE:PCG) in its dispute with bondholders over the interest rate that it must pay on ... [Read]
PCG Stock Climbs Off $11 Billion USD Wildfire Settlement
Pacific Gas and Electric Co (NYSE:PCG) has reached an $11 billion USD settlement for claims linked to the California wildfires, boosting PCG stock. The settlement will cover 85% of insurance subrogation claims made by insurance ... [Read]
PCG Stock Up in Flames: More Accusations Over Role Played in 2017 Wildfire
PG&E Corporation (NYSE:PCG) cannot get a break. It seems to be one thing after another for the natural gas company. After more legal claims about the company’s role in the 2017 Northern California wildfire surfaced, ... [Read]
PG&E Stock: Did the Utilities Company Start California’s Wildfire?
PG&E (NYSE:PCG) continues to be in the red today. At the time of writing, PCG stock is down 26.58% on the day, selling for $18.84 USD. Last week, the stock was selling for just over $48 ... [Read]