Economic cost of PG&E blackouts estimated at $1 billion

Berkeley Haas Prof. Catherine Wolfram has estimated the economic cost of the PG&E blackouts to be about $1 billion, based on a loss of about 100,000 megawatt hours of lost power.

Read Wolfram's full analysis here:

Wolfram is an economist with the Energy Institute at Haas and is the Cora Jane Flood Professor of Business Administration in the Economic Analysis and Policy Group. She also serves as associate dean for academic affairs and chair of the Berkeley Haas faculty.