PG&E Corp. recorded a $100 million third-quarter charge for a California wildfire that its equipment may have sparked last month in the Sierra Nevada mountains.
California’s biggest utility said the costs of the Mosquito Fire should be largely offset by insurance and other rate recoveries, according to a filing Thursday with the US Securities and Exchange Commission. Federal officials have initiated a criminal investigation into PG&E’s role in the fire, which burned 76,788 acres and destroyed 78 structures.
The US Department of Justice has asked PG&E for documents and information in its probe of