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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 24,585.43 80.63 0.33%
Nasdaq 6,875.80 13.48 0.20%
S&P 500 2,662.85 -1.26 -0.05%
Treasuries 2.35 -0.05 -2.25%
Data as of 5:17am ET
Company Price Change % Change
AT&T Inc 38.04 -0.06 -0.16%
Comcast Corp 38.58 -0.93 -2.35%
Freeport-McMoRan Inc... 16.32 0.61 3.88%
CenturyLink Inc 16.75 1.05 6.69%
Intel Corp 43.34 0.01 0.02%
Data as of Dec 13
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