San Francisco Public Utilities Commission said on Tuesday it has hired an advise...
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage
- San Francisco Public Utilities Commission said on Tuesday it has hired an adviser to explore the potential acquisition of PG&E Corp’s distribution assets, sending shares of the power company up 2.6% at $18.37. San Francisco has hired Jefferies LLC as buy-side financial adviser, the utilities commission’s Press Secretary Will Reisman told Reuters in an e-mail statement.According to a preliminary report released by the commission in May, there are three options for the city, which include the acquisition of PG&E assets in San Francisco to achieve self-sufficiency in power generation.
In the report, the commission also noted that although acquisition of PG&E assets would be a lengthy process, the city’s electric grid could potentially benefit in the long-term.PG&E sought Chapter 11 bankruptcy protection in January after facing liabilities of more than $30 billion in the wake of Camp Fire, California’s deadliest and most destructive wildfire in recent years.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Protester grabs Kamala Harris' microphone at San Francisco forumAn animal-rights protester snatched Sen. Kamala Harris' microphone during a Democratic presidential candidates forum in San Francisco
Read more »
A rat pop-up bar will open in San Francisco this June
Read more »
This 30-year-old commutes 4 hours, and 140 miles, every day so he doesn't have to pay $4,500-a-month San Francisco rentThis 30-year-old commutes 4 hours and 130 miles to work every day so he doesn't have to pay $4,500-a-month San Francisco rent. (via CNBCMakeIt)
Read more »
Presidential candidate rushed on stage by animal rights activistPresidential candidate Kamala Harris was speaking at the MoveOn forum in San Francisco when an animal rights activist rushed the stage and grabbed the microphone away from her.
Read more »
In San Quentin, prison inmates are cooking up gnocchi and brighter futuresAt San Quentin State Prison, a culinary training program is teaching inmates basic and advanced skills they’d need to land a job in a commercial kitchen.
Read more »
Online charter schools in L.A. and San Diego counties to close after indictmentsThe charges include conspiracy and personal use of public money.
Read more »
Where to eat right now in the San Fernando Valley24 places to eat in the SFV: Where to find goat biryani, escargot, Tijuana tacos, hummus and double cheeseburgers on the other side of the hill.
Read more »
World's smallest surviving baby born in San DiegoAt 8.6 ounces, or 245 grams, the newborn known as Saybie weighed 7 grams less than the world's previous smallest surviving baby.
Read more »
Kim Kardashian West visits San Quentin's death row and meets convicted murderer she believes was framedKim Kardashian West went to California's San Quentin State Prison to meet with Kevin Cooper, who has been on death row since he was convicted of killing two adults and two children in 1983. The TV reality star-turned-mogul says she believes he is innocent.
Read more »