PG&E says results could be materially affected by California wildfires
PG&E said in a regulatory filing, "Since October 8, 2017, several catastrophic wildfires have started and remain active in Northern California. The causes of these fires are being investigated by the California Department of Forestry and Fire Protection, including the possible role of power lines and other facilities of Pacific Gas and Electric Company's, a subsidiary of PG&E Corporation. It currently is unknown whether the Utility would have any liability associated with these fires. The Utility has approximately $800 million in liability insurance for potential losses that may result from these fires. If the amount of insurance is insufficient to cover the Utility's liability or if insurance is otherwise unavailable, PG&E Corporation's and the Utility's financial condition or results of operations could be materially affected."