California Wildfire Mitigation: “Turn Out the Lights…”

By David Middleton – Re-Blogged From WUWT

PG&E Could Shut Off Power For Millions To Prevent Wildfires

February 7, 2019

MATTHEW S. SCHWARTZ

Pacific Gas & Electric could shut off power to more than 5 million customers when extreme weather conditions are ripe for wildfires to break out, the company said Wednesday. It’s an expansion of the company’s previous power shutoff program, which only let the company turn off power to about half a million customers.

Several power companies submitted their required “wildfire mitigation plans” to California regulators this week. But PG&E’s plan may be especially consequential, given that its power lines have been blamed for several Northern California fires over the past few years. The company filed for bankruptcy last month in the wake of billions of dollars in potential liability after two years of wildfires.

The company told the state’s public utilities commission that to address wildfire risk, “shutting off power will likely be necessary and may need to be performed more frequently due to the extreme weather events and dry vegetation conditions.”

“We understand the urgency of the situation, that lives could be at stake and that we need to move more quickly,” the company said.

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Are California’s Solar and Wind Projects at Risk in PG&E Bankruptcy?

By  – Re-Blogged From WUWT

PG&E has asked a bankruptcy judge for the authority to nullify billions of dollars in contracts with solar and wind farms.

California has the most far-reaching renewable energy laws in United States.

But with the bankruptcy filing Tuesday by the state’s biggest electric utility, PG&E, major questions are arising about whether California will be able to meet its ambitious targets for solar, wind and other types of green electricity in the years ahead.

The NextEra Energy wind turbines are seen from this drone view along Flynn Road North near Altamont Pass in Livermore, Calif.,

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PG&E Filing Bankruptcy

From Zero Hedge – Re-Blogged From WUWT

Confirming earlier reports that distressed California utility PG&E had rejected a proposal by some of the world’s most prominent investors that would keep it out of bankruptcy, moments ago Bloomberg reported that the board of the embattled utility which is facing $30 billion in wildfire liabilities, voted late Monday to file for bankruptcy protection as soon as midnight.

In pursuing a Chapter 11 bankruptcy filing, PG&E is declining a proposal by an investing group led by Paul Singer’s Elliott Management that would’ve been backed by $4 billion in bonds and given the company enough cash to stay avoid bankruptcy while working through its liabilities. A second group of investors including Ken Griffin’s Citadel and Leon Black’s Apollo who had pitched a rival plan, were also rebuffed.

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