Utility company falls 16% after unconfirmed reports it sparked wildfires in Oregon - Business Insider

it received unconfirmed reports that heavy winds and debris damaged electric equipment it operates, which may have sparked a number of fires that helped contribute to the already burning Santiam wildfire.

Heavy winds on Monday and Tuesday contributed to power outages for more than 150,000 PGE customers, and likely led to the downed powerlines cited as a potential spark of the growing wildfire. "PGE is receiving unconfirmed reports that some fires in the region may have been started by electrical equipment affected by heavy winds and debris. We are working alongside community leaders and emergency responders to fully assess each situation and outage to understand the circumstances," the company said.

They should probably stop resisting municpalization, not like if owned a partial share in a utility I could hold anyone else accountable for it when something goes sideways, but you know, that Wall Street money is really lucrative.

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