(Bloomberg) — Bankrupt California utility giant PG&E Corp. had an equipment failure on a high-voltage transmission line just minutes before a wildfire was reported to have broken out late Wednesday.A 230-kilovolt PG&E power line went down at about 9:20 p.m. local time, according to a report filed with the California Public Utilities Commission. The Kincade blaze was reported to have erupted five minutes later. As of early Friday, it had scorched at least 16,000 acres and destroyed 49 structures. California’s fire agency is investigating the line, according to the company.PG&E’s equipment has already been blamed for sparking a series of …read more
Source:: Yahoo Finance
