PGE Values SF Grid Takeover at 22.5B

PGE Corp stated that a proposed municipal takeover of its San Francisco electric grid would cost 22.5 billion dollars. This valuation far exceeds the city estimate of 3.4 billion dollars.

Xurve View
Insights:
Residents walk by power grid towers at Bair Island State Marine Park in Redwood City, California, United States, January 26, 2022. REUTERS/Carlos Barria

P G & E CORP valued a proposed government takeover of its San Francisco electric grid at $22.5 billion on Wednesday afternoon, exceeding the city's $3.4 billion estimate by over six times.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.