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PG&E's Debt Holders Fear They Won't Be Paid

2019-01-16 1 Dailymotion

According to Business Insider, PG&E's recent woes have battered investors in the stock market. Holders of the company's bonds are now growing worried.<br />Trading figures for California's largest gas and power company signal that investors fear losses as a result of PG&E's exposure to $30 billion in liabilities for the firm's role in the wildfires which devastated northern California in 2017 and 2018.<br />PG&E shares lost more than 52% on Monday, and are down 25% on Tuesday as of 10:00 a.m. in New York. <br />

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