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2026-10-21T20:40:00.000Z

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PG&E values San Francisco's power grid at 22.5B

PG&E values San Francisco's power grid at 22.5B

San Francisco plans to acquire the electrical distribution network owned by PG&E at an estimated cost of $22.5 billion, a figure that exceeds six times the previous estimate of $3.4 billion. The city justifies this acquisition as a way to achieve long-term savings, improve service reliability, and reduce costs, although PG&E considers this option to be financially unfeasible for customers. The process of separation requires building an alternative power station and incurs additional costs of up to $8.6 billion. The company aims to ensure continuity of service by developing new infrastructure, with asset valuations estimated at $13.9 billion. San Francisco accounts for approximately 5% of PG&E's electricity consumption, with the total value of its assets estimated at around $60 billion.

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