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Committee narrows PUC contracting delegation, asks for quarterly reporting and shorter term
Summary
After debate the Budget & Finance Committee agreed to forward an ordinance delegating limited contracting authority to the PUC general manager for energy purchases and sales — including market‑sensitive short‑term transactions — but amended it to require quarterly reporting and reduce the delegation term from five to three years.
The committee considered an ordinance (Item 6) that would let the San Francisco Public Utilities Commission (PUC) general manager execute certain standardized power purchase and sale contracts — including some with terms longer than 10 years or costs greater than $10 million — up to specified annual caps. PUC staff argued the delegation was needed to transact at a commercial pace in volatile wholesale electricity markets and to obtain better…
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