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PCG misexecution from blackouts and Kincade fire

Characteristics of mis-execution

Technical aspects

- GAP down occurred of more than 5%
- MACD was still negative trending
- negative trend is yet broken.

Fundamental aspects

- Failed to account for seasonality:

Fire occurrence during summer and autumn is rampant.
- strong wind
- global warming

- Doubled down when negative trend has yet been broken