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Canadian wildfire smoke causes unhealthy air in NYC as nationwide heat stresses power grids; utilities warn of outages and prolonged pollution waves.
Editorial companion
Smoke from Canada’s fires turned New York’s sun into a hazy orb while heat stressed grids and forced utilities into emergency measures, and Bloomberg singled out PG&E Corporation (PCG) warning of planned power shutoffs across several California counties as dry, gusty conditions raised fire risk. That scene matters to investors because this is not a one-off headline: recurring wildfire smoke, extreme heat and preemptive outages are becoming an operating reality that affects reliability, capital spending, insurance and regulators’ patience.
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