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PG&E may cut power to 124K customers

Sep. 23, 2019 5:43 AM ETPG&E Corporation (PCG) StockPCGBy: Yoel Minkoff, SA News Editor40 Comments
  • Hot and dry windy weather in nine northern California counties may lead PG&E (NYSE:PCG) to cut power to as many as 124K customers due to the risk of potential fires.
  • The move follows a similar decision in June, when the utility giant shut off as many as 26,900 customers in the Sierra Foothills.
  • Catastrophic fires in California over the past two years have forced PG&E to seek bankruptcy protection.

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