BREAKING NEWS

BREAKING NEWS

PG&E slips after WSJ reports co delayed safety overhaul

PG&E slips after WSJ reports co delayed safety overhaul
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage -
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ELIJAH NOUVELAGE(Reuters)
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(Reuters) - Shares of PG&E Corp fell 2 percent after the Wall Street Journal reported the company had repeatedly delayed a safety overhaul of a century-old high-voltage transmission line, a prime suspect behind the deadliest wildfire in California history.

PG&E filed for bankruptcy protection in January in anticipation of liabilities from California wildfires, including a catastrophic 2018 blaze that killed 86 people.

(Reporting by Ankur Banerjee in Bengaluru; Editing by Shinjini Ganguli)

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