- Height Capital Markets updates on the developments with Pacific Gas & Electric (NYSE:PCG) and the California wildfires charges.
- The firm thinks California Attorney General Xavier Becerra took a milder stance than some of the media headlines on potential murder charges are indicating this morning.
- Height's take on the California AG: "He emphasized that his office offered no opinion regarding PCG’s criminal negligence or recklessness - only a summary of the charges they would face if found criminally culpable. With the AG’s brief out of the way, we are looking towards 2019 for the release of the much-anticipated Tubbs fire report from CalFire."
- Last week, Citi defended PG&E by noting that structural changes forced on the company could lower future risk.
- Previously: PG&E may face charges in California wildfires (Dec. 31)
- PCG -4.35% premarket to $22.85.
- Now read: 2018 Comes To A Close (Wall Street Breakfast Podcast)
Original article