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SFPUC urges study of buying PG&E assets as pathway to public control of local grid
Summary
The San Francisco Public Utilities Commission presented a preliminary report recommending study of acquiring PG&E assets serving the city, outlining three options from continued reliance on PG&E to full acquisition; staff estimated acquisition costs in the "few billion" range and recommended accelerated study tied to PG&E's bankruptcy timetable.
The San Francisco Public Utilities Commission on Tuesday presented a preliminary report that recommends focusing study work on acquiring the distribution assets that serve San Francisco from PG&E.
"The report describes 3 options: limited independence, more independence through targeted strategic investment, and then the third option, full independence," Barbara Hale, assistant AGM for the PUC power enterprise, told the committee. "Our initial staff estimates put the acquisition cost in the range of a few billion dollars."
The PUC described the options this way: one, continue to pay PG&E for distribution service while pressing regulators for fair access; two, invest strategically in distribution systems the city would own while paying PG&E where the city…
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