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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.

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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.

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