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PG&E shares fall after deadly explosion

pge chart.pngClick chart for more of today's market action. By Blake Ellis, staff reporter


NEW YORK (CNNMoney.com) -- Shares of Pacific Gas & Electric tumbled 6% Friday after a gas pipeline in California exploded and erupted into flames.

The blast occurred in San Bruno, near San Francisco, after a gas transmission line owned by PG&E (PCG, Fortune 500) ruptured. But the cause of the rupture is still being investigated.

The explosion, which took place late Thursday, killed four people and sparked a fire that has destroyed dozens of homes.

Shares of the utility company dropped $2.91, or 6%, to $45.34 in afternoon trading Friday.

CNNWires contributed to this report.  To top of page

Index Last Change % Change
Dow 20,940.51 -40.82 -0.19%
Nasdaq 6,047.61 -1.33 -0.02%
S&P 500 2,384.20 -4.57 -0.19%
Treasuries 2.28 -0.01 -0.61%
Data as of 3:10am ET
Company Price Change % Change
Bank of America Corp... 23.34 -0.31 -1.31%
Intel Corp 36.15 -1.28 -3.42%
Advanced Micro Devic... 13.30 -0.32 -2.35%
Synchrony Financial 27.80 -5.25 -15.89%
Ford Motor Co 11.47 0.00 0.00%
Data as of Apr 28
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