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Market Impact: 0.25
PG&E Estimates San Francisco Grid Takeover Cost At $22.5 Bln
Source: Nasdaq
Energy Markets & PricesRegulation & LegislationCompany Fundamentals
PG&E said a proposed government takeover of its San Francisco electric distribution grid would cost $22.5 billion, compared with the city's $3.4 billion estimate in April. The article reports the sharply higher cost estimate without further details on the proposal or market reaction.
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