SB 917 is a plausible PG&E public buyout plan, if the public wants to pay the price
PGE, public policy, sb917
A credible PG&E public takeover plan is on the table in the California legislature. Senator Scott Wiener (D – San Francisco) introduced senate bill 917 on Monday. It’s a detailed guide to acquiring PG&E’s electric and gas business, including financing and operating plans and responsibilities.
Wiener wants to create a massive utility district that encompasses all of PG&E’s vast northern California territory. It would own most or all PG&E’s infrastructure and business, after it’s been acquired via an eminent domain process – the state would use its sovereign authority to take over ownership, with the compensation paid to the company likely determined by a court.… More