What Is PG&E (PCG) Saying About A $22.5 Billion San Francisco Grid Takeover?

PG&E (NYSE:PCG) told California regulators that a potential San Francisco municipal takeover could cost about $22.5b. The utility's new filing details projected severance damages and costs to physically separate San Francisco's grid from its wider network. PG&E's leadership formally opposed the proposal in testimony that argues the plan leaves key financial and operational questions unresolved. The fresh $22.5b estimate for a San Francisco grid takeover is only one piece of the wider PG&E...