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SFPUC outlines plan to expand public power, seeks CPUC valuation of PG&E distribution assets
Summary
The San Francisco Public Utilities Commission told the City's Commission on the Environment it seeks to acquire PG&E—s local distribution assets to bring full public ownership of the city—s grid, has offered $2.5 billion, and has filed a petition at the California Public Utilities Commission for a third‑party valuation of the assets.
The San Francisco Public Utilities Commission on Monday described an initiative to expand municipal control of electricity service by acquiring Pacific Gas and Electric Co.—s local distribution assets in the city.
Barbara Hale, assistant general manager for power at the SFPUC, told the Commission on the Environment that Hetch Hetchy Power and the Clean Power SF community choice aggregation program already provide roughly 70% of the electricity consumed in San Francisco, but both rely on PG&E to distribute power. "In order to better serve San Francisco, the city is pursuing purchasing PG&E's local distribution assets," Hale said, listing…
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