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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 18,398.59 -73.58 -0.40%
Nasdaq 5,141.97 2.16 0.04%
S&P 500 2,162.42 -4.16 -0.19%
Treasuries 1.52 0.01 0.53%
Data as of 10:49am ET
Company Price Change % Change
Ford Motor Co 12.56 -1.28 -9.21%
Facebook Inc 126.75 3.41 2.76%
Bank of America Corp... 14.60 -0.03 -0.21%
Apple Inc 103.94 0.99 0.96%
Boston Scientific Co... 24.12 0.45 1.92%
Data as of 10:34am ET


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