San Francisco vs. PG&E

Cohen, Jackie
May 2006
Bond Buyer;5/26/2006, Vol. 356 Issue 32390, p1
Trade Publication
The article presents information on a bill related to renewable energy plan advanced by Mark Leno, a Democrat from San Francisco, California, and the opposition of Pacific Gas & Electric (PG&E), an investor-owned utility, to the bill. The bill would remove hurdles keeping San Francisco, along with San Francisco Public Utilities Commission, from potentially issuing hundreds of millions of dollars in revenue bonds for renewable energy projects. PG&E opposes the legislation, which would enable the transfer of energy credits across the power grid. Anyhow, Leno's bill includes a provision under which the city would reimburse PG&E for any expense involved in transferring energy credits. Despite PG&E's request for a "no" vote on the bill, the Appropriations Committee voted 16 to 1 in favor of the legislation recently.


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