Fire in California Wine Country Forces Evacuation of Entire Town, , on September 29, 2020 at 5:57 pm

By
On September 29, 2020
Tags:

(Bloomberg) — A wildfire that jumped across California’s famed Napa Valley forced the evacuation of an entire wine country resort town and threatened thousands of homes in a region devastated by blazes just three years ago.The Glass Fire north of San Francisco reached more than 42,500 acres as of Tuesday morning, nearly quadrupling in size over 24 hours, and is 0% contained, according to the California Department of Forestry and Fire Protection, or Cal Fire. A second fire that erupted in Shasta County has killed at least three people.The blazes broke out after a weekend of hot weather with dry winds in Northern California, which has already been buffeted by a record wildfire season. The gusts have now faded in that region but are gaining strength in the southern part of the state. Officials on Monday and Tuesday began deploying firefighters and equipment to Southern California in hopes of quickly stopping any new fires there.Utility giant PG&E Corp., which cut service to about 195,000 people in an attempt to keep its equipment from sparking blazes, said late Monday that it has largely restored power to those customers. But about 37,000 households and businesses are now without electricity because of the latest round of fires.In Napa wine country, the entire town of Calistoga was told to leave late Monday night, with more evacuation orders Tuesday in the area of Angwin. At least 68,000 people are under evacuation orders in Sonoma County, according to the sheriff’s office. Governor Gavin Newsom urged people to listen to warnings and leave immediately when asked.“So many of the people that have lost their lives were just cautious in terms of taking seriously those orders,” Newsom said in a media briefing Monday. “We really, really cannot say it enough. Please heed local law enforcement. Please listen to them when they raise that alarm bell.”California has been battered for weeks by rounds of extreme weather that state officials say have been fueled by climate change. Last month, a record-breaking heat wave triggered the state’s first rotating power outages since the 2001 energy crisis — and was followed just three weeks later by another one. More than 8,000 wildfires have burned a record 3.7 million acres this year, choking cities with smoke, killing at least 29 people and destroying more than 7,000 structures.On Tuesday, more than 18,700 firefighters were battling 27 major blazes across the state. The 25 counties that have suffered fires this year account for nearly three-quarters of California’s population and over two-thirds of state employment, according to the Governor’s Office of Business and Economic Development.Shares of PG&E — which went bankrupt last year after its equipment ignited catastrophic fires — were little changed Tuesday after tumbling the most in three months on Monday. The company said in a statement that it has no information indicating that its equipment was involved in the start of either the Glass Fire or the Zogg Fire in Shasta County.The causes of the blazes remain under investigation.The Glass Fire broke out early Sunday in the hills east of Napa Valley, and embers flew across the valley floor, carrying the fire to the hills on the western side. The fire is now raging northeast of Santa Rosa, the area devastated by the 2017 Tubbs Fire, among the most destructive in California history. Properties damaged in the famed vineyard region included the Chateau Boswell estate, the Meadowood resort and the Castello di Amorosa winery.At least 80 residences were destroyed in Napa and Sonoma counties, while more than 10,700 structures are under threat, according to Cal Fire.About 180 miles north, the Zogg Fire burned at least 40,300 acres, prompting more evacuations.California’s peak wildfire season traditionally runs from September through November. It has grown longer and less predictable in recent years, with blazes coming as late as December.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.,

Fire in California Wine Country Forces Evacuation of Entire Town(Bloomberg) — A wildfire that jumped across California’s famed Napa Valley forced the evacuation of an entire wine country resort town and threatened thousands of homes in a region devastated by blazes just three years ago.The Glass Fire north of San Francisco reached more than 42,500 acres as of Tuesday morning, nearly quadrupling in size over 24 hours, and is 0% contained, according to the California Department of Forestry and Fire Protection, or Cal Fire. A second fire that erupted in Shasta County has killed at least three people.The blazes broke out after a weekend of hot weather with dry winds in Northern California, which has already been buffeted by a record wildfire season. The gusts have now faded in that region but are gaining strength in the southern part of the state. Officials on Monday and Tuesday began deploying firefighters and equipment to Southern California in hopes of quickly stopping any new fires there.Utility giant PG&E Corp., which cut service to about 195,000 people in an attempt to keep its equipment from sparking blazes, said late Monday that it has largely restored power to those customers. But about 37,000 households and businesses are now without electricity because of the latest round of fires.In Napa wine country, the entire town of Calistoga was told to leave late Monday night, with more evacuation orders Tuesday in the area of Angwin. At least 68,000 people are under evacuation orders in Sonoma County, according to the sheriff’s office. Governor Gavin Newsom urged people to listen to warnings and leave immediately when asked.“So many of the people that have lost their lives were just cautious in terms of taking seriously those orders,” Newsom said in a media briefing Monday. “We really, really cannot say it enough. Please heed local law enforcement. Please listen to them when they raise that alarm bell.”California has been battered for weeks by rounds of extreme weather that state officials say have been fueled by climate change. Last month, a record-breaking heat wave triggered the state’s first rotating power outages since the 2001 energy crisis — and was followed just three weeks later by another one. More than 8,000 wildfires have burned a record 3.7 million acres this year, choking cities with smoke, killing at least 29 people and destroying more than 7,000 structures.On Tuesday, more than 18,700 firefighters were battling 27 major blazes across the state. The 25 counties that have suffered fires this year account for nearly three-quarters of California’s population and over two-thirds of state employment, according to the Governor’s Office of Business and Economic Development.Shares of PG&E — which went bankrupt last year after its equipment ignited catastrophic fires — were little changed Tuesday after tumbling the most in three months on Monday. The company said in a statement that it has no information indicating that its equipment was involved in the start of either the Glass Fire or the Zogg Fire in Shasta County.The causes of the blazes remain under investigation.The Glass Fire broke out early Sunday in the hills east of Napa Valley, and embers flew across the valley floor, carrying the fire to the hills on the western side. The fire is now raging northeast of Santa Rosa, the area devastated by the 2017 Tubbs Fire, among the most destructive in California history. Properties damaged in the famed vineyard region included the Chateau Boswell estate, the Meadowood resort and the Castello di Amorosa winery.At least 80 residences were destroyed in Napa and Sonoma counties, while more than 10,700 structures are under threat, according to Cal Fire.About 180 miles north, the Zogg Fire burned at least 40,300 acres, prompting more evacuations.California’s peak wildfire season traditionally runs from September through November. It has grown longer and less predictable in recent years, with blazes coming as late as December.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

,

Instant Quote

Enter the Stock Symbol.

Select the Exchange.

Select the Type of Security.

Please enter your First Name.

Please enter your Last Name.

Please enter your phone number.

Please enter your Email Address.

Please enter or select the Total Number of Shares you own.

Please enter or select the Desired Loan Amount you are seeking.

Please select the Loan Purpose.

Please select if you are an Officer/Director.

High West Capital Partners, LLC may only offer certain information to persons who are “Accredited Investors” and/or “Qualified Clients” as those terms are defined under applicable Federal Securities Laws. In order to be an “Accredited Investor” and/or a “Qualified Client”, you must meet the criteria identified in ONE OR MORE of the following categories/paragraphs numbered 1-20 below.

High West Capital Partners, LLC cannot provide you with any information regarding its Loan Programs or Investment Products unless you meet one or more of the following criteria. Furthermore, Foreign nationals who may be exempt from qualifying as a U.S. Accredited Investor are still required to meet the established criteria, in accordance with High West Capital Partners, LLC’s internal lending policies. High West Capital Partners, LLC will not provide information or lend to any individual and/or entity that does not meet one or more of the following criteria:

1) Individual with Net Worth in excess of $1.0 million. A natural person (not an entity) whose net worth, or joint net worth with his or her spouse, at the time of purchase exceeds $1,000,000 USD. (In calculating net worth, you may include your equity in personal property and real estate, including your principal residence, cash, short-term investments, stock and securities. Your inclusion of equity in personal property and real estate should be based on the fair market value of such property less debt secured by such property.)

2) Individual with $200,000 individual Annual Income. A natural person (not an entity) who had individual income of more than $200,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

3) Individual with $300,000 Joint Annual Income. A natural person (not an entity) who had joint income with his or her spouse in excess of $300,000 in each of the preceding two calendar years, and has a reasonable expectation of reaching the same income level in the current year.

4) Corporations or Partnerships. A corporation, partnership, or similar entity that has in excess of $5 million of assets and was not formed for the specific purpose of acquiring an interest in the Corporation or Partnership.

5) Revocable Trust. A trust that is revocable by its grantors and each of whose grantors is an Accredited Investor as defined in one or more of the other categories/paragraphs numbered herein.

6) Irrevocable Trust. A trust (other than an ERISA plan) that (a)is not revocable by its grantors, (b) has in excess of $5 million of assets, (c) was not formed for the specific purpose of acquiring an interest, and (d) is directed by a person who has such knowledge and experience in financial and business matters that such person is capable of evaluating the merits and risks of an investment in the Trust.

7) IRA or Similar Benefit Plan. An IRA, Keogh or similar benefit plan that covers only a single natural person who is an Accredited Investor, as defined in one or more of the other categories/paragraphs numbered herein.

8) Participant-Directed Employee Benefit Plan Account. A participant-directed employee benefit plan investing at the direction of, and for the account of, a participant who is an Accredited Investor, as that term is defined in one or more of the other categories/paragraphs numbered herein.

9) Other ERISA Plan. An employee benefit plan within the meaning of Title I of the ERISA Act other than a participant-directed plan with total assets in excess of $5 million or for which investment decisions (including the decision to purchase an interest) are made by a bank, registered investment adviser, savings and loan association, or insurance company.

10) Government Benefit Plan. A plan established and maintained by a state, municipality, or any agency of a state or municipality, for the benefit of its employees, with total assets in excess of $5 million.

11) Non-Profit Entity. An organization described in Section 501(c)(3) of the Internal Revenue Code, as amended, with total assets in excess of $5 million (including endowment, annuity and life income funds), as shown by the organization’s most recent audited financial statements.

12) A bank, as defined in Section 3(a)(2) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

13) A savings and loan association or similar institution, as defined in Section 3(a)(5)(A) of the Securities Act (whether acting for its own account or in a fiduciary capacity).

14) A broker-dealer registered under the Exchange Act.

15) An insurance company, as defined in Section 2(13) of the Securities Act.

16) A “business development company,” as defined in Section 2(a)(48) of the Investment Company Act.

17) A small business investment company licensed under Section 301 (c) or (d) of the Small Business Investment Act of 1958.

18) A “private business development company” as defined in Section 202(a)(22) of the Advisers Act.

19) Executive Officer or Director. A natural person who is an executive officer, director or general partner of the Partnership or the General Partner, and is an Accredited Investor as that term is defined in one or more of the categories/paragraphs numbered herein.

20) Entity Owned Entirely By Accredited Investors. A corporation, partnership, private investment company or similar entity each of whose equity owners is a natural person who is an Accredited Investor, as that term is defined in one or more of the categories/paragraphs numbered herein.

Please read the notice above and check the box below to continue.

Singapore

+65 3105 1295

Taiwan

Coming Soon!

Hong Kong

R91, 3rd Floor,
Eton Tower, 8 Hysan Ave.
Causeway Bay, Hong Kong
+852 3002 4462