FOX Business' Robert Gray gives an update on the California wildfire damage, power outages and future weather concerns.
Pacific Gas & Electric moved to restore power to thousands of customers across the state as severe weather subsided. The Kincade fire in Sonoma County has burned 76,138 acres and was 15 percent contained on Wednesday.
The stock which has lost 78 percent this year registered a slight rebound.
Ticker | Security | Last | Change | Change % |
PCG | PG&E CORP. | 17.57 | +0.04 | +0.23% |
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Gov. Gavin Newsom said Tuesday that customers would be getting refunds from PG&E for the lost power.
The bankrupt utility disclosed this week that it plans to raise $14 billion by selling stock to certain investment firms, Reuters reports.
Still, the devastation is widespread.
Former California Republican Party chairman Tom Del Beccaro discusses the possible reasons for the California wildfires.
Chef and caterer Jane Sykes said she would have to throw out $1,000 worth of food, including trays of brownies, cupcakes and puff pastry. Tuesday was her fourth straight day without power.
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She also had little hope of getting a good night's sleep — there was no way to run the machine she relies on to counter her apnea.
"I don't think PG&E really thought this through," she lamented.
Inmate firefighters battle the Kincade Fire near Healdsburg, Calif., on Tuesday, Oct. 29, 2019. Millions of people have been without power for days as fire crews race to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles. (AP Photo/Noah Berger)
A structure destroyed by a wildfire called the Kincade Fire is seen near Windsor, Calif., on Tuesday, Oct. 29, 2019. (Guy Wathen/San Francisco Chronicle via AP)
A meteor streaks across the sky as gusty winds create an ember cast on a valley oak tree burned by the Kincade fire, early Wednesday morning, Oct. 30, 2019, in Knights Valley east of Healdsburg, Calif. (Kent Porter/The Press Democrat via AP)
A structure lost to a wildfire called the Kincade Fire is seen in Windsor, Calif., on Tuesday, Oct. 29, 2019. (Guy Wathen/San Francisco Chronicle via AP)
Inmate firefighters prepare to battle the Kincade Fire near Healdsburg, Calif., on Tuesday, Oct. 29, 2019. (AP Photo/Noah Berger)
Firefighters pass a burning structure as the Kincade fire burns in Calistoga, Calif., on Tuesday, Oct. 29, 2019. (AP Photo/Noah Berger)
Firefighter Josh Petrell monitors the Kincade Fire burning near Healdsburg, Calif., on Tuesday, Oct. 29, 2019. The overall weather picture in northern areas is improving as powerful, dry winds bring extreme fire weather to Southern California. (AP Photo/Noah Berger)
Firefighters monitor the Kincade Fire burning near Healdsburg, Calif., on Tuesday, Oct. 29, 2019. The overall weather picture in northern areas is improving, as powerful, dry winds bring extreme fire weather to Southern California. (AP Photo/Noah Berger)
An air tanker drops retardant while battling the Kincade Fire near Healdsburg, Calif., Oct. 29, 2019. (AP Photo/Noah Berger)
A helicopter prepares to drop water while battling the Kincade Fire near Healdsburg, Calif., on Tuesday, Oct. 29, 2019. Millions of people have been without power for days as fire crews race to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles. (AP Photo/Noah Berger)
A helicopter drops water while battling the Kincade Fire near Healdsburg, Calif., on Tuesday, Oct. 29, 2019. Millions of people have been without power for days as fire crews race to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles. (AP Photo/Noah Berger)
From left, L.A. City Councilman Mike Bonin, California Governor Gavin Newsom and L.A. City Mayor Eric Garcetti tour a burned home along Tigertail Road in Brentwood, Calif., Tuesday Oct. 29, 2019. (Wally Skalij/Los Angeles Times via AP, Pool)
Firefighter Alex DeLeon of South Lake Tahoe, Calif., bundles up against the cold wind on a ridge between Sonoma and Lake County as the Kincade Fire burns, Tuesday, Oct. 29, 2019, in northern California. The flames prompted a flurry of false fire reports on the Santa Rosa plain. (Kent Porter/The Press Democrat via AP)
A firefighter battling the Kincade fire extinguishes a hot spot as strong winds send embers flying in Calistoga, Calif., on Tuesday, Oct. 29, 2019. Millions of people have been without power for days as fire crews raced to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles. (AP Photo/Noah Berger)
Strong winds send embers flying across Ida Clayton Rd. as the Kincade Fire burns in Calistoga, Calif., on Tuesday, Oct. 29, 2019. Millions of people have been without power for days as fire crews raced to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles. (AP Photo/Noah Berger)
Strong winds send embers flying across Ida Clayton Rd. as the Kincade Fire burns in Calistoga, Calif., on Tuesday, Oct. 29, 2019. Millions of people have been without power for days as fire crews raced to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles. (AP Photo/Noah Berger)
Firefighters work to douse a flare-up as the Kincade Fire burns through a vineyard in Calistoga, Calif., on Tuesday, Oct. 29, 2019. Millions of people have been without power for days as fire crews raced to contain two major wind-whipped blazes that have destroyed dozens of homes at both ends of the state: in Sonoma County wine country and in the hills of Los Angeles. (AP Photo/Noah Berger)
In Placer County, Angel Smith relied on baby wipes and blankets to keep her 13-month-old son Liam warm and clean. The family has been without power since Saturday night and cannot draw well water without electricity.
She ran a cord from her neighbors' generator to keep her phone and tablet charged so the two could watch movies. Temperatures were expected to drop below freezing overnight in parts of Northern California.
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"The hardest part about this for me has been making sure I keep my son warm as it gets cold here," Smith said.
PG&E, which is in bankruptcy after its equipment was blamed for a string of deadly and disastrous fires over the past three years, including a blaze that all but destroyed the town of Paradise and killed 85 people, has said its foremost concern is public safety.
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The Associated Press contributed to this report.