(Bloomberg) — PG&E Corp., the California utility that went bankrupt in January after its equipment sparked deadly wildfires, expects as much as $6.3 billion in after-tax costs from the blazes, its Chapter 11 case and the recent blackouts.The troubled power giant reported a $1.6 billion loss for the third quarter. It was driven by $2.5 billion pre-tax charge for claims related to the 2017 Northern California wildfires and the 2018 Camp fire, the company said in a statement Thursday. PG&E is not providing 2019 earnings guidance.The shares fell 3.8% at 9 a.m., and are down 71% on the year. “Obviously …read more
Source:: Yahoo Finance
