PRESS RELEASE: San Francisco Announces New Major Step in City's Effort to Transition to Public Power
July 27, 2021
San Francisco requests the State determine the value of PG&E’s local electric assets as the next step in acquiring them in order to provide clean, affordable and reliable public power
San Francisco, CA —The City and County of San Francisco submitted a petition today with the California Public Utilities Commission (CPUC) requesting a formal determination of the value of PG&E’s local electric infrastructure, the next step in San Francisco’s efforts to acquire the utility’s city-based electric facilities and complete the City’s transition to public power.
SF CHRONICLE: City says PG&E's plan for service changes in San Francisco could cost over $1 billion
J.D. Morris | June 25, 2021
San Francisco and PG&E are at it again, this time with city officials pushing back against what they say are expensive changes in the way their infrastructure connects to the utility’s poles and wires.
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.