Millions of People Without Electricity in California

by Mike ‘Mish’ Shedlock
Mish Talk

Widespread power outages leave million of Californians without electric power.

Pacific Gas and Electric Co (PG&E) has imposed unprecedented shutoffs leaving millions without power.

The shutdowns are safety precaution to prevent wildfires. California Governor Gavin Newsom said the widespread electricity shutdown is “unacceptable.”

“We’re seeing a scale and scope of something that no state in the 21st century should experience,” Newsom said. “What’s happened is unacceptable and it’s happened because of neglect.”

The remarks were the most pointed comments Newsom has directed at PG&E since the outages began early on Wednesday. Among the questions he raised was whether the utility is too large, with a service area covering more than 40 counties.

Continue Reading at MoneyMaven.io…

Comments are closed.