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


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

The challenge now: To make every day Earth Day.

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


  • Weekend Video: The Climate Clock Ticking Fast
  • Weekend Video: The Offshore Wind Solution
  • Weekend Video: Biden On The Climate Crisis

  • FRIDAY WORLD HEADLINE-The Climate Clock Is Ticking
  • FRIDAY WORLD HEADLINE-New Energy Geopolitics


  • TTTA Wednesday-ORIGINAL REPORTING: Buffett’s Berkshire Hathaway Interested In San Diego
  • TTTA Wednesday-New Energy Made Twitter Buzz In August

  • MONDAY STUDY: Making Buildings Into New Energy Assets

  • Weekend Video: Trevor Noah Talks Climate Crisis Politics
  • Weekend Video: A Detailed Picture Of The Climate Crisis Solution
  • Weekend Video: China’s Energy SuperHighway
  • --------------------------


    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




      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.

  • ---------------
  • MONDAY’S STUDY AT NewEnergyNews, September 28:
  • Tomorrow’s Big New Energies

    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


    Post a Comment

    << Home