SF CHRONICLE: San Francisco asks state PUC to name a price for PG&E's local power lines
J.D. Morris | July 27, 2021
San Francisco is redoubling its efforts to take over Pacific Gas and Electric Co.’s power lines in the city, this time by asking state officials to determine a fair price.
City officials on Tuesday petitioned the California Public Utilities Commission to study the value of PG&E’s local electric equipment. San Francisco wants regulators at the commission to decide how much PG&E’s poles and wires are worth, so the city can try once more to purchase them.
The petition comes about two years after San Francisco unsuccessfully tried to pay $2.5 billion for PG&E’s local electric system amid the company’s wildfire-caused bankruptcy.