As Fires Rage, California Braces for Biggest Blackout Yet

Oct. 25, 2019, 11:58 AM

As wildfires rage and utilities race to restore power, the worst may be yet to come for California residents.

PG&E Corp. has restored power to about 165,000 customers in portions of 18 counties, or about 93% of those affected, the company said in a statement. Meanwhile, it is preparing to cut electricity again across much of its territory this weekend in anticipation of the strongest wind storm in years. If so, it may prove to be the biggest blackout yet.

PG&E’s shares fell 24% to $5.42 at 8:13 a.m. in pre-market trading. If they open regular trading at that ...

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