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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 |
-- 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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