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A wildfire burns close to a home near Sand Caynon and Placerita Caynon in Santa Clarita, Calif., Saturday, July 23, 2016. The region was gripped by high heat and very low humidity. (AP Photo/Ryan Babroff)

(Bloomberg) – California is facing electricity shortages as abnormally high temperatures and plant outages challenge a region already grappling with limited natural gas supplies and a drought. Power prices surged on Wednesday to the highest level in almost two years.

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