PG&E Will Spend at Least $15 Billion Burying Power Lines
upstart writes:
PG&E will spend at least $15 billion burying power lines:
Pacific Gas & Electric plans to bury 10,000 miles (16,000 kilometers) of its power lines in an effort to prevent its fraying grid from sparking wildfires when electrical equipment collides with millions of trees and other vegetation across drought-stricken California.
The daunting project announced Wednesday aims to bury about 10% of PG&E's distribution and transmission lines at a projected cost of $15 billion to as much as $30 billion, based on how much the process currently costs. The utility believes it will find ways to keep the final bill at the lower end of those estimates. Most of the costs will likely be shouldered by PG&E customers, whose electricity rates are already among the highest in the U.S.
PG&E stepped up its safety commitment just days after informing regulators a 70-foot (23-meter) pine tree that toppled on one of its power lines ignited a major fire in Butte County, the same rural area about 145 miles (233 kilometers) northeast of San Francisco where another fire sparked by its equipment in 2018 killed more than 80 people and destroyed thousands of homes.
Since it started July 13 in a remote area of Butte County, the Dixie Fire has churned northeast through the Sierra Nevada. By Wednesday, the fire spanned a 133-square-mile (344-square-kilometer) area, forcing the Plumas County sheriff on Wednesday to order evacuations along the west shore of popular Lake Almanor.
The backlash to PG&E's potential liability for the Dixie Fire prompted the company's recently hired CEO, Patricia Patti" Poppe, to unveil the plan for underground lines several months earlier than she said she planned.
[...] But Poppe told reporters on Wednesday that she quickly realized after she joined PG&E in January that moving lines underground is the best way to protect both the utility and the 16 million people who rely on it for power.
It's too expensive not to do it. Lives are on the line," Poppe told reporters.
]...] However, getting the job done within the next decade will require a quantum leap. In the few areas where PG&E has already been burying power lines, it has been completing about 70 miles (123 kilometers) annually.
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