PG&E Estimates San Francisco Grid Takeover Cost of $22.5 Billion in Regulatory Filing

MT newswire2026/10/21 14:00

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10:00 AM EDT, 10/21/2026 (MT Newswires) -- PG&E (PCG) said Wednesday its filing with the California Public Utilities Commission stated the government's takeover of its electric distribution grid in San Francisco would cost $22.5 billion, significantly higher than the City and County of San Francisco municipal government's fair-market estimate of $3.4 billion. PG&E's estimate comprises the $13.9 billion fair-market value of the grid's assets, $7.6 billion in damages for business severance and $1 billion in damages for physical separation, the company said. The estimated cost is equivalent to around $53,000 per electric account in San Francisco, PG&E said. Price: 13.15, Change: -0.04, Percent Change: -0.27

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华尔街见闻•2026/11/06 23:26