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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 17,838.88 26.69 0.15%
Nasdaq 5,114.17 11.36 0.22%
S&P 500 2,091.24 2.10 0.10%
Treasuries 2.23 -0.01 -0.49%
Data as of 9:56am ET
Company Price Change % Change
HP Inc 12.56 -2.08 -14.17%
General Electric Co 30.40 -0.25 -0.83%
Bank of America Corp... 17.48 0.01 0.06%
Hewlett Packard Ente... 14.60 0.91 6.65%
Pfizer Inc 32.40 0.43 1.35%
Data as of 9:41am ET


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