$4, California's largest utility, soared Thursday afternoon, up more than 25%, after a state regulator cleared it from any responsibilities related to the 2017 wildfire.
Last week, the company said it intended to $4 petitions at the end of the month to reorganize under Chapter 11 - two months after the $4 broke out. $4 when the blaze erupted and that it may be responsible.
PG&E shares had lost as much as 90% of their value in the wake of the wildfire.
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