PG&E Warns City Takeover of Grid Could Cost $20 Billion
PG&E estimates a city takeover of its electrical grid may cost $20 billion, far above the city's own projection, as cost details are due to state regulators.
Foto: SF StandardPacific Gas and Electric Company (PG&E) has estimated that if the city takes control of its electrical grid, the cost could reach about $20 billion.
This figure is nearly six times higher than the city's own estimate for the takeover.
PG&E is required to submit this cost projection to state regulators within the month.
The estimate comes amid ongoing discussions about who should manage the electrical grid in the future.
The high cost projection adds complexity to the debate over the grid's ownership and operation.