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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 17,949.37 19.38 0.11%
Nasdaq 4,862.57 19.90 0.41%
S&P 500 2,102.95 4.09 0.19%
Treasuries 1.46 -0.03 -2.15%
Data as of 5:47am ET
Company Price Change % Change
Bank of America Corp... 13.10 -0.17 -1.28%
Micron Technology In... 12.50 -1.26 -9.16%
Ford Motor Co 12.72 0.15 1.19%
Chesapeake Energy Co... 4.59 0.31 7.24%
General Electric Co 31.49 0.01 0.03%
Data as of Jul 1
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