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Shares of PGE Corp. dropped 9.4% in premarket trade Friday, after rocketing 74.6% the previous session, after J.P. Morgan analyst Christopher gas buddy Turnure said he continues to assume the California utility will file for bankruptcy despite a favorable ruling on the 2017 Tubbs Fire. Turnure said while PGE is largely absolved from an estimated $7 billion of liabilities from the Tubbs Fire, the company still faces roughly $28 billion of fire liabilities from the 2018 Camp Fire. The primary challenges are that potential liabilities continue to exceed the financing capacity of the company and PCG will face years of litigation stemming from the 2017-18 wildfires absent its potential bankruptcy filing, Turnure wrote in a note to clients. The stock shot higher in afternoon trade Thursday, after the California electricity generation in usa Department of Forestry and Fire Protection said it found no evidence of violations related to the cause of the Tubbs Fire, which killed 22 people. PGE’s stock has tumbled 67.9% over the past 12 months, while the Dow Jones Utility Average has gained 3.1% and the Dow Jones Industrial Average has declined 7.0%.

Shares of PGE Corp. plummeted 55% in premarket trade Monday, after the gas and electric company said it plans to file for bankruptcy on or about Jan. 29, given the potential liabilities resulting the 2017 and 2018 Northern California wildfires. The utility said it didn’t expect the bankruptcy to affect its electric or natural gas customers, and expects its employees to continue to be paid, as it expects to have $5.5 billion of committed debtor-in-possession financing. During this process, the Company is also committed to continuing physical science electricity review worksheet to make investments in system safety as it works with regulators, policymakers and other key stakeholders to consider a range of alternatives to provide for the safe delivery of natural gas and electric service for the long-term in an environment that continues to be challenged by climate change, PGE said in a statement. The stock, on track to open at the lowest level seen during regular session trading hours since August 2002, has plunged 63% over the past three months through Friday grade 6 electricity, while the Dow Jones Utility Average has slipped 1.4% and the Dow Jones Industrial Average has lost 5.3%.

Shares of PGE Corp. tumbled 12% in morning trade, extended the recent plunge toward 16-year lows, as the sudden retirement of an executive officer of the utility added to growing fears of a potential bankruptcy. The company disclosed in a filing with the Securities and Exchange Commission that Patrick Hogan, senior vice president of electric operations at Pacific Gas and Electric Co., will retire effective Jan. 28. The company said Michael Lewis will take gas engine tom over Hogan’s role, effective Jan. 8. Hogan joined PGE in 2013, while Lewis joined PGE as vice president of electric distribution operations gas 89 in August 2018. The stock, which was on track for its lowest close since May 2003, has plummeted 65% over the past three months, amid concerns the California utility might be forced to seek bankruptcy protection because of billions in liabilities tied to the state’s recent wildfires. In comparison, the Dow Jones Utility Average has declined 4.9% over the past three months and the Dow Jones Industrial Average has shed 10.6%.