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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 21,703.75 29.24 0.13%
Nasdaq 6,213.13 -3.40 -0.05%
S&P 500 2,428.37 2.82 0.12%
Treasuries 2.18 -0.01 -0.64%
Data as of 5:57pm ET
Company Price Change % Change
Bank of America Corp... 23.38 -0.24 -1.02%
Advanced Micro Devic... 12.05 -0.32 -2.59%
General Electric Co 24.49 -0.06 -0.24%
Ford Motor Co 10.57 0.01 0.09%
Intel Corp 34.92 -0.09 -0.26%
Data as of 4:15pm ET
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