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Are Planned Power Outages Worth the Cost?

Energy
0 min read

Are Planned Power Outages Worth the Cost?

(Note: companies that
could be impacted by the content of this article are listed at the base of the
story [desktop version]. This article uses third-party references to provide a
bullish, bearish, and balanced point of view; sources are listed after the
Balanced section.)

Pacific Gas & Electric cut power to more than one million customers in the San Francisco Bay Area this week as a precaution against sparking wildfires. The utility took this unusual step in response to high-wind and drought conditions. The planned blackout comes after northern California rebounds from two of the most damaging wildfires in history: the winery wildfire of 2017 and the Paradise wildfire of 2018. The outage is creating an extreme hardship for customers without power. Are the utility’s actions prudent given recent wildfire issues (bull case) or is the company overreacting to concerns that it should have addressed long before now (bear case)?

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