IS PG&E really ‘reimagined’ ?
July 6, 2020
“[I]t’s unclear there’s anything fundamentally different about the utility, which over the last decade has caused a deadly pipeline explosion, deadly fires and days-long power shut-offs affecting millions of people.”
— LOS ANGELES TIMES
Update On San Francisco’s Opposition to PG&E’s Plan
May 5, 2020
PG&E’s latest plan to emerge from bankruptcy made several minor adjustments, though it’s telling that none were substantial enough to require re-circulating their disclosure statement…
PRESS RELEASE: City of San Francisco Testifies in PG&E Bankruptcy Case: Utility Taking on Too Much Debt to Meet State Wildfire Law Requirements, Will Need to Raise Rates to Stay Solvent
February 26, 2020
In its new reorganization plan, PG&E outlines strategy for emerging from bankruptcy with $35.4 billion in debt—65% more debt than the company holds today.
This high level of financial instability will prevent PG&E from meeting the requirements of “ratepayer neutrality” in AB 1054—unless the company can find new funding sources.
PRESS RELEASE: San Francisco Continues its Advance Toward Public Power—Launching Our City, Our Power Campaign
February 11, 2020
The Our City, Our Power campaign will showcase the benefits of the City’s multi-billion-dollar offer to purchase PG&E assets and absorb the costs of one of the state’s oldest electric systems—allowing PG&E to make needed statewide investments in safety and reliability
SF CHRONICLE: Three years in, SF power program reaping cost, environmental benefits
Dominic Fracassa | January 1, 2020
San Francisco has managed to reap some considerable environmental and economic benefits since launching its duo of municipal electricity just over three years ago — CleanPowerSF and Hetchy Hetchy Power — according to new data from the city’s Public Utilities Commission, which runs both programs.