Utilities Down As PG&E Weighs Again -- Utilities Roundup

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Shares of power-plant operators ticked down amid fears about interest rates and earnings.

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Shares of California utility PG&E compounded their Friday losses, sparked by the company's disclosure that it could face liabilities stemming from an investigation into the causes of the recent wild-fires. Analysts at brokerage Goldman Sachs said the implications of the fire for the company have been "overstated," but cut their rating on PG&E's shares to "buy" from "conviction buy," partly because of the likely "overhang" on the shares. (Rob Curran, rob.curran@dowjones.com)

(END) Dow Jones Newswires

October 16, 2017 16:50 ET (20:50 GMT)