PG&E (NYSE:PCG) CEO Bill Johnson told California regulators Friday it could take 10 years
for the company to improve its electric system enough to reach the
point where widespread safety outages are not necessary when fire danger
is high.
Appearing before an emergency meeting of the
California Public Utilities Commission, Johnson said the Oct. 9 outage
was the right call but said the utility could have done much better
executing it.
PG&E shut off power to more than 2M people
last week due to fears that strong winds could knock down utility
equipment and spark wildfires.
The decision brought anger from citizens, local
officials and state legislators who have called on PG&E to act more
prudently in enacting future shut-offs.
https://seekingalpha.com/news/3507083-blackouts-california-needed-decade-pg-and-e-ceo-says
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