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"This Is The Third World": Up To 3 Million Californians To Lose Power As PG&E Begins...

• https://www.zerohedge.com, by Tyler Durden

As previewed last night, PG&E Corp., California's largest (bankrupt) utility, began shutting off power Wednesday to an unprecedented 3 million people in Northern California in the face of hot, windy weather that raises the risk of wildfires. While the high winds are forecast to subside by late Thursday, the company will undertake extensive inspections of its equipment before turning electricity back on, meaning outages could persist into next week. More than 3 million people may be eventually affected, based on city estimates and the average household size. The economic impact may reach $2.6 billion.

Half a million homes and businesses in Northern California have already lost power as PG&E orchestrates the biggest-ever intentional power shutoff to keep its lines from sparking blazes. The company was scheduled to shut service to another 234,000 customers in cities including Berkeley and Oakland at noon local time, but told city and county officials that those cutoffs will instead start Wednesday evening. Strong, dry winds that heighten the risk of wildfires are picking up later than forecast, the company said.

According to Bloomberg, never before have California utilities intentionally cut power to so many people for their own safety - and never has a shutoff affected such major metropolitan areas, even as the city of San Francisco and Silicon Valley appear spared. The undertaking is key to fairly new strategy by PG&E for preventing power lines from sparking another deadly - and costly - conflagration.

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