PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire

PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire
PG&E Corp shares soared 40 percent in after-hours trade on Thursday after a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month’s deadly wildfire in northern California.

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