San Francisco Offers to Buy PG&E Wires in City

San Francisco Offers to Buy PG&E Wires in City

San Francisco mentioned Sunday that it has supplied $2.5 billion to purchase PG&E Corp.’s electrical traces serving the town, a possible first step towards separating from the enormous utility.

The supply escalates San Francisco’s try to create a municipal utility that’s owned and operated by the town. The metropolis started exploring the potential of a public takeover after PG&E sought chapter 11 chapter safety in January, citing greater than $30 billion in potential legal responsibility prices stemming from its function in sparking lethal…

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