PG&E Corp.

NYSE:PCG  
10.95
+0.01 (+0.09%)
Other Pre-Announcement, Special Events

PG&E Says Co, Utility Believe Loss In Connection With 2020 Zogg Fire Probable

Published: 12/11/2020 13:34 GMT
PG&E Corp. (PCG) - Pg&e Corp - Co, Utility Believe It is Probable That They Will Incur a Loss in Connection With 2020 Zogg Fire.
Pg&e Corp - Expect to Record Estimated Pre-tax Charge of $275 Million for the Quarter Ending December 31, 2020 for 2020 Zogg Fire.
Pg&e Corp - Currently Believe It is Reasonably Possible That Amount of Loss Will Be Greater Than $275 Million in Connection With 2020 Zogg Fire.
Pg&e Corp - Expect to Record $215 Million Receivable for Probable Insurance Recoveries in Connection With 2020 Zogg Fire for Quarter Ending Dec 31, 2020.
Pg&e Corp - If Co, Utility Are Unable to Recover Full Amount of Insurance, Co, Utility’s Financial Condition, Results, Liquidity, Cash Flows Could Be Materially Affected.