PG&E Shares Jump After California Clears Company in 2017 Blaze
Investigators said the Tubbs Fire was caused by a private electrical system, not PG&E equipment
Vulnerabilities in PG&E's infrastructure, combined with the impact of climate change, contributed to hundreds of wildfires in California, including the deadly Camp Fire in 2018. Here’s a look at upgrades to the utility giant’s power grid that might have prevented these blazes. Photo: Reuters
PG&E Corp. shares surged after California fire investigators said the utility didn’t cause the deadliest in a series of 2017 state wildfires.
California fire investigators said the Tubbs Fire, which killed 22 people and destroyed nearly 37,000 acres mainly in Napa and Sonoma counties, was caused by a private electrical system near a residential structure, ending speculation that PG&E might have been liable for the blaze.
...