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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 19,803.14 -24.11 -0.12%
Nasdaq 5,553.82 -1.51 -0.03%
S&P 500 2,265.97 -5.34 -0.24%
Treasuries 2.40 -0.06 -2.59%
Data as of 3:57pm ET
Company Price Change % Change
Qualcomm Inc 55.41 -7.47 -11.88%
Bank of America Corp... 22.58 -0.06 -0.25%
General Electric Co 29.65 -0.88 -2.88%
Chesapeake Energy Co... 6.68 -0.01 -0.10%
Ford Motor Co 12.32 -0.04 -0.32%
Data as of 3:42pm ET
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