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SFPUC updates commission on PG&E bankruptcy and city's $2.5B acquisition offer
Summary
SFPUC staff briefed the commission on bankruptcy activity in federal court, two competing reorganization plans that so far omit the city's acquisition option, and ongoing efforts to press the city's $2.5 billion offer and alternative governance ideas such as a customer-owned co-op.
San Francisco ' The San Francisco Public Utilities Commission received a detailed update on Nov. 12 about PG&E's bankruptcy and the city's continuing efforts to press an acquisition offer for distribution and transmission assets serving San Francisco.
Barbara Hale, Assistant General Manager for Power, said two reorganizational plans are before the federal bankruptcy court (PG&E's preferred plan and a bondholder plan) and…
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