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Supervisors press MOHCD, PUC and PG&E over $13M in loan increases tied to power‑connection delays
Summary
MOHCD requested two loan increases totaling about $13 million to cover unanticipated PG&E/PUC costs and delays for 555 Larkin and 4840 Mission projects; supervisors and the BLA pressed for cost‑sharing, PUC remedies, and state legislative solutions, and the committee forwarded the amendments to the full Board without recommendation.
Two MOHCD loan amendments asking for roughly $13.2 million in additional city loan funds came before the Budget & Finance Committee on April 19 after projects encountered unexpected costs and schedule delays tied to wholesale power‑distribution redesign and PG&E/PUC approvals.
MOHCD Deputy Lydia Ealy said the requests — a $4.2 million increase for 555 Larkin (Turk 500 Associates) and an $8.98 million increase for 4840 Mission — are driven by a shift in the projects’ status to wholesale distribution, required engineering redesigns, trenching and off‑site infrastructure work, and delays that increased construction interest and reduced…
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