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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 22,986.29 29.33 0.13%
Nasdaq 6,618.61 -5.40 -0.08%
S&P 500 2,557.60 -0.04 -0.00%
Treasuries 2.30 -0.01 -0.30%
Data as of 3:14pm ET
Company Price Change % Change
Ford Motor Co 12.18 0.07 0.54%
General Electric Co 23.18 -0.18 -0.75%
Bank of America Corp... 26.12 -0.11 -0.44%
Micron Technology In... 40.60 -0.90 -2.16%
Advanced Micro Devic... 14.20 -0.05 -0.39%
Data as of 2:59pm ET
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