Acquiring the land, rights and equipment needed for a public takeover of PG&E will cost nearly a billion dollars more than San Francisco had previously offered to the utility, according to the city’s newly revised estimate submitted to state regulators.

The new $3.4 billion valuation comes after the city had twice offered PG&E $2.5 billion for the utility’s assets, starting in 2019. Both times, PG&E officials dismissed the offers as too low. The utility has yet to make a counteroffer, however, maintaining a public takeover isn’t in the best interest of the utility or its customers.

In a filing to the state Public Utilities Commission on Monday, San Francisco PUC head Dennis Herrera said the new value is part of the city’s “century-long goal of providing electric service throughout San Francisco.” Herrera cites “consistent problems with PG&E’s service” as a factor in the city’s effort.

In December, there were seven blackouts alone, city officials say, including one triggered by a circuit breaker fire in the Mission substation that left parts of the city without power for three days during peak holiday shopping season.

According to Herrera, the $3.4 billion value is in line with an investment banking analysis that sets a value range for the utility of between $3.1 billion to $3.6 billion. The new value, Herrera says, is based on a final detailed accounting of PG&E’s assets and property and includes the undisclosed bid to acquire PG&E’s Martin substation that feeds most of the city’s power. Documents suggest consultants valued the facility at between $170 million and $370 million.

The city’s two previous offers for PG&E’s grid in the city didn’t include buying the facility in San Mateo County, near the Daly City border with San Francisco. Under the plan, the city would buy the station as well as pay separately to build a smaller PG&E substation next door to the Martin facility to serve PG&E customers outside San Francisco.

The new value accounts for 67 miles of underground transmission lines in the city, as well as more than 1,000 miles of underground distribution lines and 480 miles of overhead distribution lines. The value includes 50,000 enclosed vaults and other enclosed structures, 38,000 power poles, 17,500 switches and other electrical devices, as well as communications and control centers, spare parts and system records.

The cost of buying the land and property rights from PG&E would be about $600 million.

San Francisco’s bid to break up with PG&E and provide public power appears to be gaining momentum. Jaxon Van Derbeken reports.

PG&E – which has long cast doubt on the city’s ability to run its grid in San Francisco – said in a statement: “Our assets are not for sale, and a government takeover in the city would be extremely expensive and raise rates for San Franciscans for decades.”

The company says regulators will require the city to pay for everything from wildfire mitigation, energy efficiency programs and subsidizing rates for low-income customers – and that will mean higher, not lower rates.

The city’s bid, it says, “has grossly underestimated these costs.”

The utility adds the city’s estimate for its assets and property “lists a value billions of dollars below fair market value.” The city price estimate, the utility says, doesn’t factor in all the various costs of separating from PG&E’s grid.

“PG&E will thoroughly review CCSF’s filing and plans to submit its own testimony in October 2026, as the CPUC has directed,” the company said.

Small business owners and residents from San Francisco’s Sunset District on Monday said they plan to file a class action lawsuit against PG&E.

After months of build up, the Seattle Seahawks are less than 48 hours from being on the clock for their first pick of the NFL Draft, as long as they hold on to pick No. 32 in the first round.

Seahawks Draft: A mid-round edge rusher with elite length

While the offensive line has long been a need for the Seahawks in drafts, this year running back, edge rusher and cornerback are among their top positions of need.

Former NFL quarterback Brock Huard highlighted a pair of players who could help bolster the Seahawks’ edge group as he continued his draft profile series Tuesday during Seattle Sports’ Brock and Salk.

In this edition of Huard’s draft profiles, he looked at Michigan edge rushers Derrick Moore and Jaishawn Barham, who also played on the same team together in high school at St. Frances Academy in Baltimore.

Huard pointed to the connection head coach Mike Macdonald, a former Michigan defensive coordinator, and many members of his coaching staff have to the Michigan program.

“They know these guys, they know them inside and out,” Huard said. “They typically like they’re Michigan men, and these are two physical guys that have all the attributes you’re looking for on the edge.”

The high-floor pick

Moore is coming off a decorated four-year career at Michigan where he piled up 24.5 tackles for loss, 21 sacks, eight passes defended and three forced fumbles in 53 games.

This past season, the 6-foot-3, 255-pound Moore totaled 10.5 tackles for loss, 10 sacks and two forced fumbles while earning first-team All-Big Ten honors.

“I think this is a pretty fair quote about him: ‘Unselfish, well-rounded, high floor.’ Is he a high-ceiling guy? Not as much as Barham, but he’s a very high-floor guy,” Huard said.

NFL Network’s Daniel Jeremiah has Moore ranked as the No. 65 prospect in this years draft. ESPN has him ranked 60th.

“He is just your fierce, tough, edgy, productive (player),” Huard said. “He played in space a little bit more. They are field-boundary scheme at Michigan at times. He’s been more of the field rusher, more against your left tackle. And (he’s) just got more in the tool bag… He’s been a defensive end. He’s pretty well versed in it. He’s going to have a bigger tool bag, I think, than both Boye (Mafe) and Derrick Hall had, and he’s going to be a second, late-second-round (pick). Rugged, tough Michigan guy.”

The high-ceiling pick

Barham spent his first two college seasons at Maryland, which included earning Freshman All-American honors in 2022, and transferred to Michigan in 2024. He played linebacker at Maryland and in his first season at Michigan before making the move to edge for his final college season.

In 12 games at a new position in 2025, the 6-foot-3, 240-pound Barham amassed 10 tackles for loss and 4.0 sacks.

“Jaishawn Barham is a little bit more of a wild card, and one of the scouts that was quoted in some of the prep for this said he may bloom with the right coaching,” Huard said.

Huard recalled seeing Barham as a freshman at Maryland while he was doing color commentary for FOX and being in awe of how physically mature he already looked.

“I remember being on the field, as a freshman, looking at him going, ‘There’s just no way. There’s no way humanly possible that that guy played high school football the year before,’” Huard said.

Jeremiah has Barham ranked as the No. 77 prospect in the draft. ESPN has him ranked 88th.

“He is a higher ceiling guy you’re going to have to coach up,” Huard said. “He doesn’t come with years and years and years of experience on the edge.”

Seattle Seahawks NFL Draft coverage

• An under-the-radar Seattle Seahawks need Brock Huard sees
• NFL Draft: What – and who – Seahawks could get by trading back
• Why Hasselbeck says Seahawks are in great spot to trade back
• Seattle Seahawks open to trading top pick for bigger draft class
• A player Seahawks could trade for another draft pick

Follow @ZacHereth