NewEnergyNews: San Francisco Offers $2.5BIL For PG&E Electric Grid

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on the climate crisis makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • TODAY’S STUDY: The Cost Of An EV This Year
  • QUICK NEWS, October 15: Imagining Fates And Solutions; UK New Energy Going Incentive-Free
  • THE DAY BEFORE

  • TODAY’S STUDY: Roadmap To The Solar Future
  • QUICK NEWS, October 14: Deniers Fate Will Be Bankruptcy; Coal’s Demise, New Energy’s Rise
  • THE DAY BEFORE THE DAY BEFORE

  • Weekend Video: GE Challenges The Ocean Wind Industry
  • Weekend Video: Condescension, Not Climate Facts
  • Weekend Video: Just Greta
  • THE DAY BEFORE THAT

  • FRIDAY WORLD HEADLINE-Red Cross Calls For Climate Crisis Volunteers
  • FRIDAY WORLD HEADLINE-Cities Go Where Nations Fear
  • THE LAST DAY UP HERE

    THINGS-TO-THINK-ABOUT THURSDAY, October 10:

  • TTTA Thursday-A Bank For The Climate Crisis?
  • TTTA Thursday-Ocean Wind Now Mainstream
  • TTTA Thursday-Rooftop Solar Boosts Home Value
  • --------------------------

    --------------------------

    Founding Editor Herman K. Trabish

    --------------------------

    --------------------------

    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

    -------------------

    -------------------

      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

    -------------------

    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

  • ---------------
  • TODAY AT NewEnergyNews, October 16:

  • ORIGINAL REPORTING: Securitization fever: Renewables advocates seize a Wall Street way to end coal

    Thursday, September 12, 2019

    San Francisco Offers $2.5BIL For PG&E Electric Grid

    San Francisco city officials are offering to purchase PG&E's electrical grid in the city for $2.5 billion, according to a letter sent to the utility on Friday by Mayor London Breed and City Attorney Dennis Herrera.

    Sonja Hutson, September 8, 2019 (KQED News)

    “…[San Francisco’s offer of $2.5 billion] for the PG&E equipment would come from bonds approved by voters in June 2018, and would be paid off by customers through their electric bill…[The bond issuance would allow rates to] be the same or lower than current PG&E rates…The city is also hoping the company's bankruptcy proceedings will provide additional incentive to accept the offer, by providing ‘significant cash infusion’ to debtors…[ The deal would require approval from the city’s Board of Supervisors, Public Utilities Commission, and the California Public Utilities Commission. But PG&E doesn't see municipalization as in the best interests of] customers and stakeholders…

    Another potential barrier is pushback from the union representing PG&E workers, IBEW Local 1245. The city has offered to hire people who worked for PG&E in San Francisco if the deal goes through, which the union said would hurt their pensions…According to Michael Wara, an energy policy researcher at Stanford University, private energy companies hardly ever voluntarily sell their infrastructure to municipalities. More often, municipalities will forcibly take over the infrastructure by exerting eminent domain, and then pay the utility for it…[That] process could drag out the utility's bankruptcy proceedings because the sale would have to be final in order for the bankruptcy to be resolved. It could also delay payouts to victims of wildfires started by PG&E equipment…San Francisco is such a huge part of PG&E's customer base, according to Wara, the utility might not be a viable company without it.”click here for more

    0 Comments:

    Post a Comment

    << Home