PG&E power outage could cost the California economy more than $2 billion

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PG&E power outage could cost the California economy more than $2 billion
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In an unprecedented move, PG&E enacted large-scale power cuts in Northern and central California as a preventative measure aimed at curbing wildfires.

A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019.'s preventative power cuts could be upwards of $2 billion, according to some estimates.

Michael Wara of the Stanford Woods Institute for the Environment estimated that the economic cost of the power shutdown could reach $2.5 billion. The dollar impact could be much higher if power isn't restored in a timely fashion. PG&E officials said every inch of power line would have to be inspected before resuming service, and on Tuesday officials warned that it could take up to five days.

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