San Francisco Mayor Sees PG&E Assets as a ‘Great’ Opportunity
- London Breed awaits feasibility study for possible takeover
- She also seeks tech industry’s help to tap funds for homeless
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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.
Breed said 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 would outline the feasibility of assuming control of PG&E’s local infrastructure.