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SFPUC outlines PG&E bankruptcy impacts, CPUC PCIA reform and potential financial exposure for CCAs
Summary
SFPUC staff told LAFCO the PG&E Chapter 11 filing briefly delayed remittances to CCAs but payments resumed Feb. 4; CPUC PCIA reforms and potential prepayment or auction mechanisms are under review and could materially affect Clean Power SF costs.
San Francisco Public Utilities Commission staff told the Local Agency Formation Commission on Feb. 22 that PG&E's Jan. 29 Chapter 11 filing briefly interrupted remittances to community choice aggregators but that a court order on Jan. 31 authorized continued remittance and that payments to the city resumed Feb. 4.
"A delay of remittance did in fact occur, starting with the day of the filing," Michael Hyams said. He added that, to date, Clean Power SF has seen no other operational impacts related to the…
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