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PG&E Corp reports $7.7B loss in 2019 amid continuing wildfire risk
Utility Dive: PG&E's $7.7 billion loss in 2019 compares to a $6.9 billion net loss attributable to common shareholders the previous year. Its net loss for the fourth quarter of 2019 specifically came in at $3.6 billion, or $6.84 per share.
The company's financials were also affected by a proposed settlement under the CPUC's order-instituting investigation into the 2017 wildfires, a penalty for violating locate-and-mark protocols, and the cost of accelerated inspections of its infrastructure.
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