San Diego Gas & Electric Reveals Cost of Purchasing City's Electric Distribution System

San Diego Gas & Electric says the purchase of the city of San Diego’s electric distribution system could cost between $7.4 and $9.3 billion. The utility said costs could climb above $11 billion if franchise agreement fees and property tax revenue are factored into the equation.Even so, the utility numbers are much higher than the valuation in two city-funded studies. A report from 2020 and an ongoing study from 2023 put the value of the grid between $1.6 and $4.3 billion.

The investor-owned utility asked Concentric Energy Advisors to analyze the distribution system. NewGen Strategies & Solutions headlined the latest city analysis. SDG&E said the value of the distribution system could add a huge bill to any effort aimed at taking over the system.“When you look at the actual costs of the assets themselves, the wires and the meters and the poles that we have today,” said Scott Crider, an SDG&E vice president and a chief officer in the Responsible San Diego Political Action Committee fighting the Power San Diego proposal. “That is a value that they would have to purchas

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San Diego Gas & Electric made nearly $1 billion in profits last yearSan Diego Gas and Electric, San Diego’s investor-owned utility, accounted for nearly one-third of Sempra’s nearly $3 billion in profits in 2023.
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Nation's First All-Electric Tug Boat Arrives at Port of San DiegoThe nation's first all-electric tug boat has docked at the Port of San Diego and expects to begin emissions-free operations in about a month. Operated by Crowley Maritime Corporation, the 82-foot eWolf will escort ships entering and leaving the Tenth Avenue Marine Terminal using electric power instead of diesel fuel, helping slash greenhouse gas emissions at the port and its neighbors in Barrio Logan and National City.
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