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PCG PG&E Corporation

17.28
0.02 (0.12%)
Pre Market
Last Updated: 13:39:19
Delayed by 15 minutes
Share Name Share Symbol Market Type
PG&E Corporation NYSE:PCG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.12% 17.28 2,741 13:39:19

PG&E Climbs 9% After S.F. Regulator Hires Adviser to Explore Acquisition of Some Assets -- Reuters

05/06/2019 8:45pm

Dow Jones News


PG&E (NYSE:PCG)
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From Apr 2019 to Apr 2024

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-- Shares of PG&E gained 9.3% to $20.56 in afternoon trading after the San Francisco Public Utilities Commission said it hired a financial adviser to explore the possibility of buying some of the power company's assets, according to a report from Reuters.

-- S.F.'s PUC is investigating the acquisition of some distribution assets to achieve self-sufficiency in generating electricity and more stable rates.

-- The regulator hired Jefferies LLC to examine a potential deal to buy the assets, Reuters reported.

 

www.reuters.com/article/us-pg-e-us-sanfrancisco-assets/san-francisco-city-hires-adviser-to-explore-potential-acquisition-of-pge-assets-idUSKCN1T52GQ

 

Write to Patrick Chu at Patrick.Chu@WSJ.com

 

(END) Dow Jones Newswires

June 05, 2019 15:30 ET (19:30 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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