In a surprising development that could trigger a rebound in the badly battered shares of America’s largest utility, California investigators have cleared utility PG&E of involvement in the 2017 Tubbs fire, the most destructive fire in California history.
Shares were halted on the news that investigators found that the catalyst for the fire was a private electrical system.
BREAKING: Cal Fire has determined the 2017 Tubbs Fire was ignited by a “private electrical system” — NOT PG&E pic.twitter.com/wuUwjhTe3D
— J.D. Morris (@thejdmorris) January 24, 2019
PG&E shares were halted on the news.
via ZeroHedge News http://bit.ly/2G2Q9Gz Tyler Durden