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

(Reuters) – Shares of PG&E Corp fell 2 percent after the Wall Street Journal reported here 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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