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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.04 | 0.23% | 17.57 | 17.85 | 17.425 | 17.74 | 12,844,878 | 01:00:00 |
From May 2019 to May 2024
By Stephen Nakrosis
Shares of PG&E Corp. (PCG) are trading lower in Friday's market, after the company's creditors and victims of wildfires that hit California in 2017 and 2018 said they wanted to present a chapter 11 plan that would compete with the company's proposal.
At 1:22 p.m. ET, shares of the company were trading 6.27% lower, at $11.38. Year to date, shares are down over 51%.
The restructuring plan offered by PG&E would cap payments to victims of the wildfires at $8.4 billion and pay another $11 billion to pay insurance claims. The proposal from bondholders and victims puts the total value of claims at $24 billion, according to court papers.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 20, 2019 13:45 ET (17:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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