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SACRAMENTO, Calif. (Reuters) – California utility PG&E Corp plans to increase the controversial practice of shutting off the power to communities at risk of wildfire when dangerous conditions such as high winds and dry heat are present. In a report to state regulators bit.ly/2SevTIZ, PG&E said it would also remove 375,000 trees near electricity lines, trim vegetation over 2,500 square miles (6,475 square km) and conduct thousands of inspections to prevent its equipment from sparking wildfires. PG&E is under intense scrutiny for its role in sparking more than a dozen wildfires over the past two years engraved cufflinks. It filed bankruptcy last month, citing anticipated liabilities, including the possibility its equipment set off November’s deadly Camp Fire, which destroyed the Northern California town of Paradise and killed 86 people..
The San Francisco-based utility, which serves 16 million customers, said it would increase nearly tenfold its efforts to turn off the power to communities threatened by wildfire, increasing the number of households and businesses potentially affected by fire-prevention blackouts in 2019 to 5.4 million. Such shutoffs were also used last year to keep live electricity in the lines from setting off a fire when high winds and heat hit extreme levels and nearby brush or trees could be ignited engraved cufflinks. Mark Toney, who directs the utility consumer advocacy group the Utility Reform Network (TURN), said shutting off power would harm vulnerable people, including those who rely on electricity to power life-saving medical equipment..
“The fact that there is such a dramatic expansion of power shutoffs as a strategy to stop wildfires is a sign of PG&E’s failure and mismanagement when it comes to trimming the trees and taking care of the grid,” he said engraved cufflinks. PG&E spokeswoman Kristi Jourdan said the company would only turn off the power to a community as a last resort to keep people safe. “We understand and appreciate that turning off the power affects the operation of critical facilities, communications systems and much more,” she said..
NEW YORK (Reuters) – U.S. stocks edged lower on Wednesday as videogame makers gave disappointing revenue forecasts and investors awaited developments on U.S.-China trade relations. The benchmark S&P 500 and the Nasdaq were weighed by declines in shares of Electronic Arts Inc, which tumbled 13.3 percent after the videogame publisher forecast full-year revenue below Wall Street estimates engraved cufflinks. The sharp drop pulled down shares of rival videogame publisher Activision Blizzard Inc, which fell 10.1 percent..
Shares of industry peer Take-Two Interactive Software Inc also dropped sharply, 13.8 percent, after the company’s similarly underwhelming forecast. The slump in videogame stocks contributed to a 1.5 percent decline in the S&P 500 communication services sector, the largest drop among the S&P’s major sectors. Despite the fall, Wall Street’s indexes remained near two-month highs engraved cufflinks. A 7.3 percent gain in the S&P 500 would put the index above its record closing September high. “The market is feeling a little exhausted after we’ve had a nice run in January and early February,” said Nathan Thooft, global head of asset allocation at Manulife Asset Management in Boston..