PG&E, Edison Plummet Most in 16 Years on Wildfire Fallout
- California utilities’ decline is worst since power crisis
- Trading in PG&E was briefly halted after shares plummmeted
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The wildfires in northern and southern California have sent shares of the state’s two largest utility owners falling the most since the power crisis more than a decade ago.
Trading in PG&E Corp. was briefly halted Monday after shares plummeted more than 37 percent. The stock has fallen as much as 48 percent in two days of trading since the Camp Fire broke out north of San Francisco last week.