San Francisco Mayor London Breed wants to use PG&E Corp.’s bankruptcy to take over some of the company’s assets for the city’s power needs, a move that would shake up California’s largest utility and remake the state’s energy landscape.
London Breed said that even before she became San Francisco's mayor, she believed PG&E had the resources and technology to make clean-energy changes faster.
Breed says she sees an opportunity to deliver clean power to her residents while keeping rates as low as possible. She’s awaiting the release of a study later this month that will outline the feasibility of assuming control of PG&E’s local infrastructure.“I’m pretty excited about it, and I am hopeful that we are able to do it,” Breed said in an interview Wednesday at San Francisco City Hall. “It could be great.
California leaders have been weighing ways to reshape the state’s utilities and their liabilities from wildfires in the wake of PG&E’s bankruptcy. Breed said she had been talking to the team of advisors assembled by Gov. Gavin Newsom on the issue. San Francisco now runs a clean-power initiative that buys renewable energy and distributes it on PG&E poles and wires. Breed said that even before she was mayor, she believed PG&E had the resources and technology to make clean-energy changes at a quicker pace.
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