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PG&E Burns $216,000 Every Hour of the California Power Outage

Nearly one million customers of the Pacific Gas & Electric Company (NYSE: PCG) in Northern California will have their power disconnected staring midnight Wednesday. The power outage will hit PG&E’s pockets hard as it will be losing approximately $200,000 per hour in revenues. According to Pacific Gas & Electric Company, around 800,000 residential, commercial and…