Report: S.F. makes $2.5 billion bid for PG&E electric system

Mayor London Breed has announced that the city is ready to buy PG&E’s San Francisco electrical transmission and distribution assets for $2.5 billion.

The offer, announced in a joint statement Sunday between the mayor and City Attorney Dennis Herrera, if accepted, would leverage PG&E’s bankruptcy to take over the company’s electrical assets within the city, but not any part of its gas system. PG&E would lose hundreds of thousands of customers in San Francisco, where its original company was first…


more energy news

Send Us A Message