SF sees cost savings in public utility bid

In 2019, while PG&E was struggling to exit from bankruptcy, San Francisco made a $2.5 billion offer to purchase the utility’s local equipment, including power lines, substations and IT systems.

That pitch must have seemed like a light at the end of a tunnel for the PG&E customers tuning in. In January, they were hit with a 13% rate increase — just the first in a series of increases expected to land this year as the utility seeks to cover expenses from ongoing work to harden its grid after many years of devastating wildfires sparked by its equipment.

If San Francisco also owned the local distribution network, backers say, The City would be able to run its system more efficiently, noting that unlike investor-owned utilities, those that are publicly operated are exempt from state and federal taxes, and they can also finance their projects with tax-free debt.

Making the comparison even more difficult is the fact that — unlike San Francisco — many of California’s public utilities owned their equipment from the beginning. State's new overdose-reversal partner settles lawsuit over role in opioid crisis After an announcement was made earlier this week that Amneal Pharmaceuticals would be providing discounted naloxone to California, the company agreed to pay millions o…

“With that information, we will be able to hopefully get PG&E to say ‘OK, let’s negotiate,’” said Barbara Hale, assistant general manager for the SFPUC Power Enterprise.

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