Connect with us

San Francisco, CA

San Francisco sets $3.4B price tag for public takeover of PG&E

Published

on

San Francisco sets .4B price tag for public takeover of PG&E


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.

Advertisement

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.

Advertisement

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.

Advertisement

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.



Source link

San Francisco, CA

Driver Who Raped Woman After She Mistook His Car For An Uber Convicted By Bay Area Jury

Published

on

Driver Who Raped Woman After She Mistook His Car For An Uber Convicted By Bay Area Jury


SAN FRANCISCO, CA — A man who raped a woman in San Francisco after she got into his car, thinking it was her Uber, has been convicted, prosecutors said.

Jurors convicted Yucel Eryilmaz, 44, of rape of an unconscious person and assault with intent to commit rape, according to the San Francisco District Attorney’s Office.

Prosecutors say a woman and her sister were leaving a club in San Francisco’s Mission District on Oct. 18, 2025, when they accidentally got into Eryilmaz’s car, thinking it was their Uber.

The woman sat in the front seat while her sister sat in the back, where she fell asleep, prosecutors said.

Advertisement

Eryilmaz started driving the women to their destination before he tried to kiss the woman in the front seat, prosecutors said.

The woman refused to kiss him, and when they arrived at the destination, she got out of the car, prosecutors said.

Before she could wake her sleeping sister, Eryilmaz drove off and took her to a parking lot in his apartment complex where he raped her, prosecutors said.

“Video footage shows Mr. Eryilmaz pulling into the parking lot next to his apartment building, exiting the driver’s side door, going to the back of the car, sitting down and locking the door,” prosecutors said. “Three hours later, the victim woke up in the back seat of Mr. Eryilmaz scared and confused, with Mr. Eryilmaz on top of her in the process of a rape.”

Eventually, she was able to free herself from Eryilmaz’s grasp, prosecutors said. She spent about 10 minutes on Eryilmaz’s apartment roof with him and he let her use his phone to call her sister, prosecutors said.

Advertisement

She learned police were looking for her and ran away from Eryilmaz to call for help, prosecutors said.

“I commend the victim for her bravery, authenticity and vulnerability while she relived these terrifying events during her testimony,” Assistant District Attorney Abigail Adams said in a statement. “She showed everyone in the courtroom that there is no ‘correct’ response to rape because trauma affects people differently. I hope the victim finds the closure and healing she needs as she attempts to put this horrific incident behind her.”





Source link

Continue Reading

San Francisco, CA

First Thursdays kicks off Pride Month in San Francisco

Published

on

First Thursdays kicks off Pride Month in San Francisco




First Thursdays kicks off Pride Month in San Francisco – CBS San Francisco

Advertisement














Advertisement



























Advertisement

Advertisement

Watch CBS News


Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement



Source link

Advertisement
Continue Reading

San Francisco, CA

Hilton campaigns in San Francisco as California primary votes still being counted

Published

on

Hilton campaigns in San Francisco as California primary votes still being counted


Even as votes continue to be counted in California’s gubernatorial primary, one candidate spent part of Wednesday campaigning in the Bay Area.

Hilton looks ahead to November

Some were surprised to see Republican gubernatorial candidate Steve Hilton in San Francisco. With the primary election behind him, Hilton visited Osmanthus Dim Sum Lounge to meet with voters and begin laying the groundwork for a potential fall campaign.

Advertisement

Hilton acknowledged that ballots are still being counted and criticized the pace of the process, saying results should be available more quickly. Still, he expressed confidence that he will finish among the top two candidates and advance to the November election.

“This is my plan to grow my support,” Hilton said, gesturing to supporters gathered inside the restaurant. “To be out with the people of California desperate for change.”

Advertisement

Former Health and Human Services Secretary Xavier Becerra, another leading candidate, also projected confidence on election night.

“I take nothing for granted. There are lots of ballots to be counted; it appears we are on track to advance to November,” Becerra said.

Voters voice concerns

Advertisement

What they’re saying:

Among those attending Hilton’s event was Nelson Lum, a former San Francisco police officer who said he wanted to hear the candidate’s views on crime.

“It’s not an endorsement of anybody at this point,” Lum said. “I’m certainly not going to exclude anyone because I want to hear their views.”

Advertisement

Meina Young, with the Business and Housing Network, said she attended to discuss issues she sees as burdensome regulations in the rental housing market.

“I want to make our voices heard, and I feel that Steve has been very good,” Young said. “This is our second time meeting with him.”

Advertisement

Small protest outside event

Outside the restaurant, a small group of protesters gathered after noticing signage for the event. They said they are concerned San Francisco is becoming more welcoming to Republican candidates.

“We’re here today because we know San Francisco is a Democratic, progressive city,” said Romalyn Schmaltz. “We’re not going to just let a Republican come here and fundraise in our neighborhood without saying something.”

Advertisement

Counting continues

What’s next:

Ballots are still being counted statewide. More than 23 million ballots were mailed to California’s registered voters for the primary election.

Advertisement

The extended counting process often fuels accusations of irregularities. Election officials and supporters of the system, however, say the process takes time to ensure every eligible ballot is counted accurately.

ElectionSan Francisco



Source link

Advertisement
Continue Reading
Advertisement

Trending