California regulator says agency does not want PG&E to go bankrupt: Bloomberg
A California Public Utilities Commission official told investors on a conference call that the agency does not want PG&E Corp to go into bankruptcy, Bloomberg reported, citing a person familiar with the matter. The call was hosted by Bank of America Corp analysts and included the commission's president Michael Picker and other officials, the report said. (https://bloom.bg/2DlFOUu) Shares of PG&E surged 37 percent in extended trade on Thursday after dropping 31 percent in regular trading. A wildfire in northern California destroyed the town ...
Click
To Read Full Article