PG&E tumbles more than 50% in premarket trading after CEO resigns amid billions in potential liabilities and bankruptcy concerns (PCG)

PG&E, California’s largest gas and power company, dropped more than 50% in premarket trading Monday.  The utility is facing billions of dollars in potential liabilities after it was accused of negligence in one of the state’s most destructive wildfires last year. CEO Geisha Williams replaced as PG&E com templates bankruptcy following a 27% drop in its share price last week. 

Devastating wildfires engulfed much of northern California last year, now they’re engulfing the state’s

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