Pacific Gas And Electric Co logo

PCG PR A - Pacific Gas And Electric Co News Story

$29.83 -0.5  -1.5%

Large Cap
Market Cap £5.59bn
Enterprise Value £31.28bn
Revenue £13.37bn
Position in Universe th / 6853

PG&E to cut off power to nearly 800,000 customers to reduce wildfire risk

Tue 8th October, 2019 10:20pm
Oct 8 (Reuters) - Power provider PG&E Corp's  PCG.N  unit
said on Tuesday it would cut off power for nearly 800,000
customers across northern and central California to reduce
wildfire risk following severe wind warnings.
    The company expects to shut off power in some areas early
Wednesday and said the outage will potentially impact 34
Californian counties.*:nBw1K27xSa
    PG&E, which filed for bankruptcy protection this year, had
said it would significantly expand the practice of shutting off
power to communities at risk of wildfire when conditions demand
it, despite objections from some consumer advocates who said
such disruptions can harm people who need electricity for
medical equipment.*:nL1N20201J

 (Reporting by Shanti S Nair in Bengaluru; Editing by Shinjini
 ((; +1 646 223 8780 Ext: 7208;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.