SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dr. Jeff who wrote (94920)4/16/2001 9:03:20 PM
From: Dr. Jeff  Read Replies (2) of 436258
 
This is quite staggering! WOW! They are losing $11.34 a share. The stock is currently trading at $8.84 after rallying 28% since declaring bankruptcy just over a week ago. On this news I think the stock should gap down $11.34 and trade below zero at negative 2.50. <ggg>

Monday April 16, 8:18 pm Eastern Time

PG&E reports massive Q4 loss after utility charge

SAN FRANCISCO, April 16 (Reuters) - PG&E Corp. (NYSE:PCG - news), parent of
bankrupt California utility Pacific Gas & Electric, on Monday reported a fourth-quarter loss
of $4.12 billion or $11.34 a share including an after-tax charge of $4.1 billion.

The write-off relates to costs the utility incurred buying power for its customers that it may be unable to recoup under
California's much criticized electricity market deregulation laws. The company had announced in late March it planned to take
an after-tax charge of $4.1 billion.

Pacific Gas & Electric, California's largest utility, filed for Chapter 11 bankruptcy protection on April 6 after talks with
regulators and politicians aimed at solving the financial crisis stalled.

Excluding one-time items, the company reported earnings of $140 million or $0.38 per share compared with $294 million or
$0.80 in the prior year period.

Analysts had expected PG&E Corp. to earn in the range of 38 to 41 cents, with a consensus estimate of 40 cents per share,
according to market research firm Thomson Financial/First Call.

biz.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News