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Cal Fire: PG&E violated state law, causing 3 wildfires last year
Utility Dive: Friday's fire investigation announcement could have gone worse for PG&E.
Cal Fire officials said they found no evidence the utility violated state laws in the largest of the four fires investigated — the La Porte fire, which burned more than 8,400 acres last fall.
Even so, investors reacted swiftly when the markets opened Tuesday. PG&E's stock price dropped nearly 5% in less than an hour, resting at $42.50 per share at 10:15 EST.
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