SDG&E will shut off power lines to limit fire risk
The utility announced its proposal in a letter that the utility plans to send to about 45,000 customers living in the highest fire-risk areas. The letter also outlines other steps the utility has taken to limit the risk of fire.
A California Department of Forestry and Fire Protection report in July reaffirmed earlier findings that the utility's arcing power lines sparked three major fires last fall — the Witch, Guejito and Rice fires.
A red flag warning means conditions are highly conducive to wildfires.
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Mercury in $3 billion takeover bid for Tilt Renewables
SYDNEY - Mercury Energy and an Australian partner appear to have won the race to buy Tilt Renewables, an Australasian wind farm developer which was spun out of TrustPower, bidding almost $3 billion.
Yesterday Tilt Renewables announced that it had entered a scheme implementation agreement under which it was proposed that PowAR would acquire its Australian business and Mercury would acquire the New Zealand business.
Conducted through a scheme of arrangement, Tilt shareholders will be offered $7.80 a share, valuing Tilt at $2.96b.
Yesterday morning shares in Tilt opened about 18 per cent up at $7.65.
In early December Infratil, which owns around two…
