PG&E Estimates San Francisco Grid Takeover Cost at $22.5 Billion in Regulatory Filing

PG&E Corporation has estimated the cost of a proposed government takeover of its San Francisco electric distribution grid at $22.5 billion, significantly higher than the city's previous estimate of $3.4 billion. The valuation includes approximately $13.9 billion for electric and real estate assets and $8.6 billion for business severance damages and physical separation costs. PG&E argues that the city's valuation overlooked over 2,000 real estate interests and undervalued the underground distribution system, and a takeover would require complex infrastructure changes.