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San Francisco Offers $2.5B for PG&E’s Power Grid in the City
ktla ^ | 09/09/2019

Posted on 09/09/2019 3:43:34 PM PDT by BenLurkin

The utility is set to submit Monday its plan for getting out of bankruptcy. The company is expected to outline Monday how it plans to repay billions in liabilities from the 2017 and 2018 wildfires.

PG&E said in a statement selling assets to San Francisco wasn’t in the best interest of its customers and stakeholders.

(Excerpt) Read more at ktla.com ...


TOPICS: US: California
KEYWORDS: california; crapanywhereyoulike; flowersinyourhair; pge; publicdefecation; sanfrancisco
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To: BenLurkin

Perhaps these communist cities want total control of the power infrastructure so they can force what type of power and how much power people receive and raise prices to drive behavior.

I don’t think the public is going to be very happy with the result.


21 posted on 09/09/2019 4:40:53 PM PDT by plain talk
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To: BenLurkin

SF can’t even figure out what a bathroom is for and who should use it.
They are right next to the largest ocean in the world and get their water from 200 miles away which they want to close down.
Their solution to a power shortage is to blackout parts of the City.

This is not going to go well.


22 posted on 09/09/2019 4:43:58 PM PDT by Zathras
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To: lgjhn23

If I understand California correctly distribution don’t run generation facilities. Err unless it is sustainable energy.


23 posted on 09/09/2019 4:46:11 PM PDT by the_daug
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Think Venezuela.....whatever happened to calexit anyway...


24 posted on 09/09/2019 4:55:59 PM PDT by TnTnTn
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To: BenLurkin
Within a year of the takeover the power customers of San Fransicko will envy their counterparts in Ouagadougou.
25 posted on 09/09/2019 5:00:58 PM PDT by Gay State Conservative (A joke: Brennan,Comey and Lynch walk into a Barr...)
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To: BenLurkin

“PG&E said in a statement selling assets to San Francisco wasn’t in the best interest of its customers and stakeholders.”

This is an absolute fact. But because I hate Frisco they deserve this. I witnessed a small town of around 3,000 be completely destroyed because the city bought the power company. First thing they did was decide it to be their only revenue source. They tripled the rates right away which ran off and shut down every business in town within a couple years.

Then even the residents could not afford their electric bill and they all left. Now there isn’t even a grocery store there to buy groceries. They just absolutely killed the town including all their own city business tax revenue with this purchase and greed. They stepped over a thousand dollar bill to pick up a dime. And yes... They were flaming liberals running the town.


26 posted on 09/09/2019 5:03:25 PM PDT by Openurmind
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To: plain talk

First thing they will do is triple the rates and shut down all the businesses, then make power so expensive the residents will have to live in the stone age. It will kill this city in just a couple years.

But know what? they deserve every bit of it...


27 posted on 09/09/2019 5:11:51 PM PDT by Openurmind
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To: BenLurkin

P G & E should let San Fransisco have it. Then there will be one more thing that San Francisco officials can screw up.


28 posted on 09/09/2019 5:30:52 PM PDT by Wuli
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To: unread

Maybe the San Francisco “mobile residents “ would use the electric substations as outhouses.


29 posted on 09/09/2019 5:31:21 PM PDT by hal ogen (First Amendment or Reeducation Camp???)
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To: BenLurkin

Eco nazis winning.


30 posted on 09/09/2019 5:43:03 PM PDT by fruser1
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To: BenLurkin

If they sell they need to get cash up front


31 posted on 09/09/2019 5:54:15 PM PDT by McGavin999
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To: DiogenesLamp

I’d love to hear that call
Hello, the entire city is in a blackout.
Well, we have the plant running at 100% the problem must be on your end.......goodbye


32 posted on 09/09/2019 6:19:01 PM PDT by Keyhopper (Indians had bad immigration laws)
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To: Robert A Cook PE; AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; ...
That's right. And the city could then handle all the billing and pay the wholesale rate for electricity -- and come up with a long series of excuses of why they haven't been able to pass the "savings" on to the consumers.

33 posted on 09/09/2019 6:19:50 PM PDT by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: BenLurkin

Reason number 1583 why I’m glad I have nothing to do with CA.


34 posted on 09/09/2019 6:23:39 PM PDT by upchuck (If democrats would stop shooting people gun violence would drop by 90% ~ h/t Mr K.)
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To: BenLurkin

They want a guaranteed return for investors while shafting the taxpayers / ratepayers.


35 posted on 09/09/2019 6:36:19 PM PDT by minnesota_bound
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To: Vince Ferrer
Chicago and Boulder want to become their own utilities too. It is another source of money while they neglect the infrastructure.

I got angry watching the news on TV; SF leaders were promising they could provide the electricity cheaper than PG&E if they took over the infrastructure. Cheaper? Costs will skyrocket!

Everything local government does is wasteful, and there will be runaway costs and failed infrastructure that is neglected. The city can't fix potholes in the streets. Items that were well-maintained in the past and were free, now are poorly maintained and have high fees. For example, parks and their attractions used to be free and kept up. Now, the city charges a fortune for the Zoo, arboretum, museums, the Japanese Tea Garden, etc. They used to be free or near-free when I was a kid; now a small fortune to get in.

The city would screw up the electrical grid and double the costs.

36 posted on 09/09/2019 6:56:49 PM PDT by roadcat
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To: Zathras
Their solution to a power shortage is to blackout parts of the City.

SF was trying to shut down power generation plants within the city, because they relied on oil to generate power. They were blocked by the state, because it's the law that if external sources of power failed then they need local power generation in case of emergencies caused by earthquake, etc. Stupid SF "leaders" think electricity is easily obtainable, and don't have a clue.

37 posted on 09/09/2019 7:01:23 PM PDT by roadcat
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To: roadcat
The city would screw up the electrical grid and double the costs.

One thing that would happen is that if the cities would have their own grid, the less densely populated areas would have their own. Since the rural areas are more spread out, and the utility can't average out costs with the dense city, everyone else in northern California will have their rates raised.

38 posted on 09/09/2019 9:11:45 PM PDT by Vince Ferrer
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To: Openurmind

What town?


39 posted on 09/10/2019 1:15:28 AM PDT by Vince Ferrer
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To: monkeyshine
They can buy it back in 5 years at half the price.

It will be pennies on the dollar for a ruined infrastructure. I think the true motive for this movement is to find another income stream, because their baby boomer pensions are really starting to hit the budgets right about now, and they will have to pay them or go bankrupt.

Remember there were stories during the great recession around 2009 about double dipping city employees who will retire on two full salaries? None of that has been fixed. So its either raise taxes dramatically, or a scheme like this where they buy the utility, neglect maintenance on all the assets, and put the customer payments into the pension funds. (This is exactly the Venezuela playbook with both their oil and hydropower) After twenty years, the grid will be falling apart, but they will plan on getting federal help when disaster hits, while paying retirement salaries of 300k per each ex-employee or so.

40 posted on 09/10/2019 1:29:25 AM PDT by Vince Ferrer
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