Over the past six years, PG&E (NYSE: PCG) has been responsible for 1,500 fires in California, one of which was the Camp Fire, the deadliest fire in the state's history. Pacific Gas and Electric Company, which is a subsidiary of PG&E is, "one of the largest combined natural gas and electric energy companies in the United States," according to the company.
Pacific Gas and Electric is now being linked to the Kincade Fire, which burned 77,758 acres in Sonoma County in 13 days before being fully contained earlier this month. U.S. District Judge William Alsup ordered PG&E to answer questions regarding the Kincade Fire and blackouts throughout the state. The day after the Kincade Fire began, state regulators told PG&E that a jumper cable on one of its transmission towers had broken around the same time and in the same area as the Kincade Fire. But, what does all this damage mean for PG&E and its investors?
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