ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

PCG PG&E Corporation

17.57
0.04 (0.23%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
PG&E Corporation NYSE:PCG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.04 0.23% 17.57 17.85 17.425 17.74 12,844,878 01:00:00

PSPS UPDATE: Restoration Begins in Some Areas Affected; 126,000 Customers Restored; Current Impacted Count is 600,000

10/10/2019 6:42pm

Business Wire


PG&E (NYSE:PCG)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more PG&E Charts.

PG&E Continues to Monitor Weather Conditions; No Equipment-Related Fires Reported

Executes Final Wave of Safety Turnoffs in Kern County, Impacting Approximately 4,000 Customers

On Thursday morning, October 10, Pacific Gas and Electric Company (PG&E) reported that improving weather conditions in some parts of the areas affected by the Public Safety Power Shutoff (PSPS) have allowed for safety inspections, repairs and restoration in some areas to begin. Approximately 126,000 customers were restored by 6 a.m. Thursday.

There are still currently approximately 600,000 customers without power as a result of the PSPS event, which began on early Wednesday.

Updates

  • There were no reported fires related to PG&E equipment in the PSPS impact zone.
  • As of 6 a.m. Thursday, peak wind gusts — a major factor in the decision to implement a PSPS — have been recorded at 77 mph at Mt. St. Helena West in Sonoma County and 75 mph at Mount Diablo in Contra Costa County since midnight. Both of these areas were de-energized in the PSPS action.
  • The company has received many preliminary reports of vegetation-related damage to its equipment in these areas.
  • A third phase for portions of Kern County is scheduled for late morning Thursday. Due to changing weather forecasts, PG&E now expects this event to impact approximately 4,000 customers. Earlier forecasts predicted impacts to 40,000 customers in this area.
  • Safety inspections, repairs and power restoration will begin in specific areas once a weather “all clear” is given.
  • Customers not impacted by the PSPS may experience power outages due to PG&E equipment damaged during this major event.
  • Resources standing by to support the restoration include more than 6,300 on-the-ground field personnel and 45 helicopters. Crews will conduct visual inspections and will make repairs as necessary if any damage is found.
  • The number of circuit-miles requiring inspection includes nearly 25,000 miles of distribution lines and 2,500 miles of transmission lines, a combined distance measuring longer than a trip around the circumference of the Earth.

“We faced a choice between hardship or safety, and we chose safety. We deeply apologize for the inconvenience and the hardship, but we stand by the decision because the safety of our customers and communities must come first,” said Michael Lewis, Senior Vice President, Electric Operations.

Weather Updates

Dangerous weather conditions are expected to continue in parts of the Sierra Foothills and Bay Area until midday Thursday. Similar conditions in Kern County are beginning late morning Thursday and lasting through midday Friday.

For restoration to begin, the company must inspect its affected equipment to ensure no damage has occurred to its equipment. As of 10 a.m., the company has not issued an “all clear” for the Bay Area. Inspection patrols take place during daytime hours.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation’s cleanest energy to 16 million people in Northern and Central California. For more information, visit www.pge.com and www.pge.com/news.

Media Relations 415.973.5930

1 Year PG&E Chart

1 Year PG&E Chart

1 Month PG&E Chart

1 Month PG&E Chart

Your Recent History

Delayed Upgrade Clock