Utility stocks slump as California wildfires leave hundreds missing
SAN FRANCISCO (Reuters) - California utility stocks plummeted for a second day on Monday after deadly wildfires killed at least 31 people and left hundreds missing, with property losses estimated at over $2 billion and the companies facing potential liability. PG&E Corp , which operates in the northern part of California, dropped 16 percent, bringing its loss over two sessions to 29 percent, equivalent to $8 billion. Edison International , the owner of Southern California Edison Company, slumped 11 percent, leaving its stock market value $5 ...
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