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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 18,169.68 -29.65 -0.16%
Nasdaq 5,215.97 -34.29 -0.65%
S&P 500 2,133.04 -6.39 -0.30%
Treasuries 1.84 0.05 2.96%
Data as of 7:02am ET
Company Price Change % Change
Bank of America Corp... 16.91 0.04 0.24%
Ford Motor Co 11.74 -0.14 -1.18%
Chesapeake Energy Co... 6.08 0.08 1.33%
AT&T Inc 36.52 0.09 0.25%
CenturyLink Inc 31.00 2.75 9.73%
Data as of Oct 27


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