Pacific Gas & Electric has been cleared of wrongdoing in the deadly Tubbs Fire in Sonoma County,California,in October 2017 and with that finding,as much as $8 billion in potential liabilities could be dropped from the financial flood it is facing

摘要

The company is still facing up to $22 billion in potential financial liabilities from the 2017-18 wildfires.The California Department of Forestry and Fire Protection said late Thursday that electrical equipment at a private home started the fire,which killed 22 people and destroyed more than 5,600 buildings. It was the first bit of good news for PG&E in several weeks and it sent the utility’s stock soaring 75% to close Thursday at $13.95.1