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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

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Index Last Change % Change
Dow 20,810.32 34.72 0.17%
Nasdaq 5,835.51 -25.12 -0.43%
S&P 500 2,363.81 0.99 0.04%
Treasuries 2.39 -0.03 -1.24%
Data as of 3:24am ET
Company Price Change % Change
Chesapeake Energy Co... 5.75 -0.17 -2.87%
Bank of America Corp... 24.58 -0.21 -0.85%
Boston Scientific Co... 24.48 -0.68 -2.70%
NVIDIA Corp 100.49 -10.27 -9.27%
HP Inc 17.60 1.40 8.64%
Data as of Feb 23
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