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 24,964.75 -254.63 -1.01%
Nasdaq 7,234.31 -5.16 -0.07%
S&P 500 2,716.26 -15.96 -0.58%
Treasuries 2.89 0.02 0.56%
Data as of 4:39am ET
Company Price Change % Change
Bank of America Corp... 31.93 -0.04 -0.13%
Qualcomm Inc 63.99 -0.86 -1.33%
Pfizer Inc 36.01 -0.25 -0.69%
AT&T Inc 36.77 -0.37 -1.00%
Verizon Communicatio... 48.92 -1.23 -2.45%
Data as of Feb 20
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