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November 15, 2018

Utility shares fall as California burns

SAN FRANCISCO (AP) — Shares in PG&E are trading at their lowest level in more than a decade with some Californians who have lost homes saying that the power company is at fault for the state's deadliest and most destructive wildfire.

In a lawsuit filed this week, homeowners said a high voltage transmission line failed, sparking the fire. They accuse Pacific Gas & Electric Co. of failing to maintain infrastructure.


 
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