Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

PG&E Warns 250,000 Customer Blackouts May Return at Mid-Week

Published 18/11/2019, 14:05
PG&E Warns 250,000 Customer Blackouts May Return at Mid-Week
SO
-
EIX
-

(Bloomberg) -- PG&E Corp. is warning a quarter-million homes and businesses could lose power in northern California starting Wednesday as high winds return to the region.

A fire weather watch has been issued by the National Weather Service for parts of northern California from late Tuesday night to Thursday morning. PG&E said in a statement overnight it may cut power to customers in the North Bay, North Valley and the foothills of the Sierra Nevada due to the forecast.

Southern (NYSE:SO) California, meanwhile, dodged a blackout threat for about 32,000 customers over the weekend as winds there faded. Edison International (NYSE:EIX) said on Monday that none of its customers will be blacked out “due to improved fire weather conditions in fire-prone areas,“ according to a statement on its Southern California Edison website.

PG&E provoked widespread outrage last month after conducting a series of mass blackouts that left some customers in the dark for days. The utility’s equipment caused fires in Northern California in 2017 and 2018, saddling it with an estimated $30 billion in liabilities and eventually forcing it into bankruptcy. Its strategy of pre-emptive outages this year has drawn anger from customers and state lawmakers who say they’ve gone too far.

California has had little rain for months, and more than 81% of the state is abnormally dry, according to the U.S. Drought Monitor in Lincoln, Nebraska. The parched plants and soils, along with the winds called Santa Anas and Diablos, make fall one of the worst times for fires there.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.