San Francisco lawmaker to propose plan to let cities break away from PG&E [CBS News]
Pacific Gas & Electric Co. (PCG)
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Source: CBS News
"San Francisco has been trying to break up with PG&E for a long time," said Democratic Senator Scott Wiener. "The rates are extremely high and we know that public power can bring lower rates." Wiener says he will announce legislation on Monday that would allow San Francisco and other cities to break away from PG&E and form publicly owned utility companies, and do it quickly. "San Francisco has already triggered a process to break away at the California Public Utilities Commission, but it is unbelievably slow, it's taken years and years," explained Wiener. "The standards set under the law are very unfavorable to a city wanting to break away." A professor at UC Berkeley and faculty director of the Energy Institute at Haas School of Business, Severin Borenstein, says he has an idea about what this could look like. "It means trying to buy out their poles and wires to be the distributor of electricity in the city," said Borenstein. "San Francisco is already its own entity in secur
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PCG
Earnings
- 2/12/26 - In-Line
PCG
Sec Filings
- 2/25/26 - Form 4
- 2/19/26 - Form 4
- 2/18/26 - Form 4
- PCG's page on the SEC website