A San Francisco Split From PG&E Wouldn't Be Easy
Source: Axios | By Shawna Chen
San Francisco has been exploring a split from PG&E since 2019, when then-Mayor London Breed offered $2.5 billion to buy the utility's electric assets in the city. PG&E rejected the offer (external link, opens in a new tab), calling it too low and claiming customers would have to shoulder the cost to separate. To kick-start negotiations, the city asked the California Public Utilities Commission (CPUC) in 2021 to come up with a price tag — what's called a valuation process.
Public power, such as the type SF is seeking, comes with trade-offs, said Mark Toney, executive director of the Oakland-based Utility Reform Network. It can mean more local control and lower costs over time, but it doesn't guarantee better management, he added, pointing to thescandal-plagued Los Angeles Department of Water and Power (the nation's largest municipal utility).