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PUC outlines settlement with PG&E that the city says will cut annual charges by about $4 million; committee to finish legal questions in closed session
Summary
The San Francisco Public Utilities Commission told the Budget & Finance Committee a proposed amended interconnection agreement with PG&E would cap distribution charges, remove certain withdrawal fees and enact AB 2573 implementation language. The item was continued to closed session for legal and negotiation details.
The San Francisco Public Utilities Commission on Tuesday told the Budget and Finance Committee that a proposed settlement with Pacific Gas and Electric Company would reduce the city's annual interconnection charges from "a little over $16,000,000" to about $12,000,000, roughly $4 million in annual savings.
Barbara Hale, assistant general manager for power at the PUC, said the amended interconnection agreement replaces a 1987 contract and secures several protections for the city: a fixed distribution-rate component that increases by no more than 3% per year; elimination of certain…
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