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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 Allison Prang
Shares of PG&E Corp. (PCG) rose 9.4% Tuesday morning.
The Wall Street Journal reported earlier that more than a dozen California mayors, including those of Oakland and Sacramento, were supporting a plan to turn PG&E into a cooperative owned by customers.
The Journal's story said a group of local government leaders were planning to deliver a letter to California's governor and the state's public utilities commission advocating that this proposal be considered before California approves a plan for the company's organization under bankruptcy.
Investors and insurance companies also have revised their settlement with PG&E that determines what will happen if PG&E becomes insolvent. The settlement is part of the company's restructuring plan.
Shares of PG&E have fallen 27% in the last month and 67% year to date.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
November 05, 2019 10:53 ET (15:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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