PG&E: san Francisco grid takeover would cost $22.5 billion

PG&E filed testimony with California regulators arguing that a government takeover of its San Francisco electric grid would cost $22.5 billion, far exceeding the city's $3.4 billion estimate. The filing includes $13.9 billion in asset value, $7.6 billion in severance damages, and $1 billion in physical separation costs. PG&E warns the takeover would burden customers with debt and disrupt service.