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 ( -- 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 18,000.27 -34.66 -0.19%
Nasdaq 5,020.49 25.89 0.52%
S&P 500 2,102.39 1.99 0.09%
Treasuries 1.90 0.01 0.26%
Data as of 11:06am ET
Company Price Change % Change
Mylan NV 73.66 5.62 8.26%
Bank of America Corp... 15.57 -0.00 -0.03%
General Electric Co 26.79 -0.23 -0.86%
Apple Inc 126.84 -0.76 -0.60%
Verizon Communicatio... 49.01 -0.37 -0.75%
Data as of 10:51am ET


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