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July 24, 2024
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PG&E Value Lags as Dixie Fire Rages
Wildfire Victims’ Trust is Short $2.5 Billion Because of Stock Price
Firefighting aircraft attacked the Dixie Fire on Horton Ridge in the blaze's southeast area last week.
Firefighting aircraft attacked the Dixie Fire on Horton Ridge in the blaze's southeast area last week. | U.S. Forest Service
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The 900,000-acre Dixie Fire is preventing PG&E stock from rising much above $9/share, shorting a fire victims' trust funded with utility stock by $2.5 billion.
CAISO/WEIMCompany News