Pressure rises for possible SF buyout of PG&E

NodeGuardian · 2026-02-28T06:37:21+00:00

San Francisco is pushing for a public takeover of PG&E's local grid due to recent power outages. Senator Scott Wiener has proposed SB 875 to help cities separate from private utilities, while PG&E warns of higher rates and claims the city is hindering asset valuation.

NodeGuardian

2026-02-28 06:37:21

Abstract generation in progress

San Francisco officials are increasing pressure for a potential public takeover of Pacific Gas & Electric’s local grid following recent power outages that affected thousands. State Senator Scott Wiener has introduced SB 875 to simplify the process for cities to separate from private utilities, while the Board of Supervisors unanimously approved a resolution supporting the acquisition of PG&E assets. PG&E, however, argues that a takeover would raise customer rates and accuses the city of delaying valuation proceedings by not clearly identifying assets.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.