FLYT - Oregon wildfire knocks out 5500 MW of power to California

It looks like the start of a "very long and hot summer" in California, as a wildfire raging across southern Oregon has knocked out three electrical lines that are vital to the stability of grids in the western U.S., prompting California's grid operator to warn of rotating blackouts and Nevada to face a power emergency.The out-of-control fire has crippled the key California Oregon Intertie transmission system that is critical for California's electricity imports, which also has strained another key import hub - the Pacific DC Intertie - that brings in electricity from the Pacific Northwest.In all, Bloomberg reports California has lost 5,500 MW of power import capacity, enough to light up 4.13M homes.It is not clear when the fire will ease enough to re-energize the California Oregon Intertie.Relevant tickers include [[PCG]], [[EIX]], [[SRE]]ETFs: [[UTG]], [[XLU]], [[VPU]], [[BUI]], [[GUT]]Climate change is "forcing us to do things we never imagined" at this

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Oregon wildfire knocks out 5,500 MW of power to California