Bankrupt PG&E Plunges as California Wildfires Roar

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: PG&E Corp. shares plunged 25% on Friday as possible liabilities from the Kincade Fire in northern California boost the risks that shareholders will be wiped out and could undermine efforts to bring the company out of bankruptcy. Bloomberg’s Claire Boston has more on “Bloomberg Markets.” (Source: Bloomberg)

Source: Bloomberg.com – video report

Date: Oct 25, 2019

Link: https://www.bloomberg.com/news/videos/2019-10-25/bankrupt-pg-e-plunges-as-california-wildfires-roar-video

Questions for discussion:

  • Is there a solution to the problem of providing electricity to locations where risk of causing fire is high?
  • How should investors be expected to look at utilities and weigh risk, as a result of the situation described?

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