One Stage from Rolling Blackouts

Dan Weintraub reports on the current power situation in California:

California's electricity grid operators have issued a Stage 2 elecricity emergency in Southern Calfironia because of high demand and the loss of about 2,000 megawatts of generation due to equipment failures. The state has not yet but is preparing to interrupt electricity to large industrial customers whose rate structure allows their power to be shut down in an emergency. The next level of emergency after that would be Stage 3 and rolling blackouts

Here we go again!