What Is PG&E (PCG) Saying About A $22.5 Billion San Francisco Grid Takeover?
PG&E (NYSE:PCG) told California regulators that a potential San Francisco municipal takeover could cost about $22.5b. The utility's new filing details projected severance damages and costs to physically separate San Francisco's grid from its wider network. PG&E's leadership formally opposed the proposal in testimony that argues the plan leaves key financial and operational questions unresolved. The fresh $22.5b estimate for a San Francisco grid takeover is only one piece of the wider PG&E... PG&E (PCG) has informed California regulators that a potential San Francisco municipal takeover could cost around $22.5b. The utility's filing details projected severance damages and costs to physically separate San Francisco's grid from its wider network. PG&E's leadership has formally opposed the proposal, arguing that it leaves key financial and operational questions unanswered. The $22.,5b estimate reflects what PG&Es estimates it would take for San Francisco to acquire and separate its local electric grid, which includes projected severances damages and the physical work to untangle the city network from PG&EE's broader system. This disclosure highlights the risk of regulatory and political decisions that can alter PG&e's capital plan and credit trajectory. The California Public Utilities Commission (CPUC) is yet to open a formal process on the San Francisco offer.
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PG&E (NYSE:PCG) told California regulators that a potential San Francisco municipal takeover could cost about $22.5b.
• The utility's new filing details projected severance damages and costs to physic... [2662 symbols]
