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Group wants San Diego to form its own public utility
Consulting company, JVJ Pacific, has advised the city of San Diego to form its own electric and gas company through municipalization. However, it may be the last resort for the city. Switching to a publicly-owned power company would require purchasing assets, valued at some $3 billion. A new franchise deal is up for bid and three companies have expressed interest in a franchise agreement with the city. Will SDG&E, Orange County-based Indian Energy or Berkshire Hathaway Energy, a subsidiary of billionaire Warren Buffett’s Berkshire Hathaway, Inc. be successful or will the city pursue municipalization? What course of action will the city take after ending a 50 year deal with San Diego Gas & Electric?
Group wants San Diego to form its own public utility
Group wants San Diego to form its own public utility. In place for 50 years, city's franchise agreement expires in January.
Source: www.sandiegouniontribune.com
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