From The San Francisco Standard · · 1m 20s
PG&E's $22.5B Grid Takeover Price Tag
PG&E names $22.5 billion price for San Francisco grid takeover.
In brief
PG&E names $22.5 billion price for San Francisco grid takeover. PG&E says San Francisco must pay $22.5 billion to buy its grid, four times the city's estimate. Originally reported by The San Francisco Standard.
PG&E's grid appraisal
PG&E outlined its $22.5 billion price tag for a public power takeover.
Filing details
PG&E sent a 1,164-page filing to the California Public Utilities Commission.
Price justification
PG&E claims grid assets worth $13.9 billion versus city's $3.4 billion estimate.
Easements and land rights
PG&E says city undervalued 2,000 easements and licenses by $1.7 billion.
Underground infrastructure costs
PG&E claims underground conduit costs $1,000 per foot versus city's $247 per foot.
State involvement
PG&E argues city ignored potential higher state prices for grid assets.
Damages calculation
PG&E says separation costs $8.6 billion including $7.6 billion business severance.
Substation impact
PG&E claims city must build new substation in San Mateo County.
Workforce impact
PG&E says takeover could reassign up to 600 workers to other grid areas.
Blackout context
40 PG&E blackouts since December's power outage left one-third of city without power.
Regulatory hurdles
Takeover requires CPUC approval and two-thirds of Board of Supervisors vote.
Next steps
City must prove necessity and pay fair market value for grid assets.
Here's the gist
PG&E says San Francisco must pay $22.5 billion to buy its grid, four times the city's estimate.
