# San Francisco Pursues PG&E Grid Acquisition

San Francisco’s effort to acquire Pacific Gas & Electric’s city electricity grid has entered a valuation phase before the California Public Utilities Commission (CPUC). PG&E values the assets at $13.9 billion and estimates another $8.6 billion would be needed for separation and to protect its remaining customers from cost increases, while the city’s estimate is $3.4 billion. The CPUC expects to determine a fair value in the first quarter of 2027. No solicitation or contract award has been reported; the proceeding could shape a future municipal takeover, grid operations, separation work, and wildfire-cost responsibilities.

- **Why this matters:** The CPUC’s valuation and methodology may influence how other municipalities assess public-power acquisitions and related grid-transition costs.
- Utilities and infrastructure contractors can use the competing estimates as context for potential grid separation, transfer, and operational work, but the signal identifies no current procurement opportunity.
- Companies evaluating exposure to municipal power transitions should distinguish the asset valuation from PG&E’s separate estimate for separation and customer-protection costs.

**Jurisdictions:** sled
**Industries:** Energy & Utilities
**Topics:** Physical Infrastructure
**Published:** October 22, 2026

### Government Entities
- California Public Utilities Commission (CPUC)
- City and County of San Francisco
- California Public Advocates Office

### Vendors
- Pacific Gas & Electric (PG&E) (incumbent)

### Key Quotes
> I do think that what gets decided, how it gets decided, will set a template for any future plan to take part of the system to public power.
> — Mark Toney, Executive Director, The Utility Reform Network

> A government takeover of our grid is not the right solution for our San Francisco customers.
> — Patti Poppe, Chief Executive Officer, Pacific Gas & Electric

### Sources
- [San Francisco’s public power play - POLITICO](https://www.politico.com/newsletters/california-currents/2026/10/21/san-franciscos-public-power-play-01131170) - Politico