(Bloomberg) — The financial losers of California’s rolling blackouts are beginning to emerge.Portland General Electric Co., the utility that powers almost half of Oregon, plunged the most in five months after the company said it’s poised to lose as much as $155 million due to trades it made this year as wholesale electricity prices surged.PGE fell as much as 14% to the lowest level in over four years before paring some losses. The drop comes the morning after the company disclosed that its traders increased the volume of bets late in the second quarter and into the third, “resulting in …read more
Source:: Yahoo Finance
