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California Utility Firm Suspected of Starting Deadly Wildfires Goes Bankrupt

           

A firefighter battling the Camp fire, which became California’s deadliest in history. Photograph: Noah Berger/AP

Pacific Gas and Electric, which supplies 16 million residents, is under investigation for its role in the Camp fire and others

theguardian.com - by Vivian Ho - January 14, 2019

The utility company that services more than a third of California announced on Monday it plans to file for bankruptcy by the end of the month. Several deadly wildfires believed to have been caused by the company left it with potential liabilities of at least $30bn.

The board of directors of Pacific Gas and Electric (PG&E) has determined that the move “is ultimately the only viable option to restore PG&E’s financial stability to fund ongoing operations and provide safe service to customers”, the San Francisco-based company stated in a filing at the Security and Exchange Commission.

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FACT SHEET: Obama Administration Announces Federal and Private Sector Actions on Scaling Renewable Energy and Storage with Smart Markets

submitted by Gordian Raacke

CLICK HERE - White House Council of Economic Advisors - Incorporating Renewables into the Grid: Expanding Opportunities for Smart Markets and Energy Storage (40 page .PDF report)

whitehouse.gov - June 16, 2016

. . The Administration is announcing new executive actions and 33 state and private sector commitments that will accelerate the grid integration of renewable energy and storage.  Together, these announcements are expected to result in at least 1.3 gigawatts of additional storage procurement or deployment in the next five years. .

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Anticipating The Perfect Storm of Impossible Events

submitted by Jonathan King

By: Rich Miller - datacenterknowledge.com - February 20, 2012

Jesse Robbins is a trained fireman. He also has managed some of the world’s largest Internet infrastructures. Robbins says the lessons of fire readiness can be applied to building reliable systems.

“You cannot learn the lessons of failure without experiencing it,” said Robbins, the co-founder and Chief Community Office at Opscode. “That’s why we do fire drills.”

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