PG&E spending millions to fight public power (San Francisco)

PG&E Corp. will spend between $25 and $35 million on its campaign to fight public power this year, according to its SEC filings released today.

PG&E Corp. will spend between $.06 and $.09 per share in shareholder money on costs "to support a state-wide ballot initiative requiring local governments to gain voter support before using taxpayer money to establish electric service," the filings said.

Community choice aggregation, a type of public power, allows municipalities to buy wholesale power and sell it to customers instead of, for example, sourcing their electricity from PG&E. PG&E is working to make law a measure that would require two-thirds of residents to vote in favor of community choice aggregation before it could be enacted.

Read the full story in the San Francisco Business Times.