Power prices in the U.S. West soared to record highs for a second day on Tuesday, and California utilities urged consumers to conserve energy to avoid more rotating outages as a brutal heatwave pushes demand close to an all-time high. PG&E Corp ( PCG.N ), the state’s biggest power company, told customers that rotating power outages were likely to occur on Tuesday afternoon and evening lasting about two hours. On Friday and Saturday, the California ISO, which operates the grid for most of the state, ordered utilities to start outages that leftover 400,000 homes and businesses sweltering for about an hour each as air conditioning demand outstripped available generation resources. On Monday, the ISO told utilities to prepare for more outages but never issued the order because the weather moderated and consumers reduced the strain on the grid by using less power. The last time the […]