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PG&E swings to a loss on wildfire and Chapt. 11 costs

·1 min read
PG&E swings to a loss on wildfire and Chapt. 11 costs
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PG&E Corporation said Monday it swung to a third-quarter loss of $1.09 billion, or 55 cents a share, from net income of $83 million, or 4 cents a share, in the year-ago period. The quarter included $1.57 billion, or 79 cents a share in costs related to its Chapt. 11 reorganization case, and amortization of wildfire insurance fund contributions, investigation remedies, and 2019-2020 wildfire-related costs. Adjusted earnings rose to 24 cents a share from 22 cents a share. Operating revenue for the