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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 21,409.55 14.79 0.07%
Nasdaq 6,247.15 -18.10 -0.29%
S&P 500 2,439.07 0.77 0.03%
Treasuries 2.14 -0.01 -0.33%
Data as of 10:21pm ET
Company Price Change % Change
Advanced Micro Devic... 14.08 -0.09 -0.64%
Bank of America Corp... 22.89 0.07 0.31%
Micron Technology In... 32.50 0.77 2.43%
Ford Motor Co 11.18 0.14 1.27%
Oracle Corp 50.86 -0.09 -0.18%
Data as of 4:15pm ET
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