PG&E says San Francisco grid takeover would cost $22.5B, far above city's $3.4B estimate

PG&E responded to San Francisco's petition for a valuation of its electric grid, stating a government takeover would cost $22.5 billion, including $13.9 billion in asset value and $8.6 billion in severance and separation damages. This contrasts sharply with the city's $3.4 billion estimate, which excluded many asset values and additional costs. PG&E warns the takeover would burden San Francisco customers with significant debt and disrupt service, while the company continues investing billions in grid reliability and upgrades. The dispute now centers on the true cost and feasibility of the city's proposed utility takeover.

As of Oct 21, 2026 20:22 WIB, Pacific Gas & Electric Co. (PCG) trades at USD 13.24 on Pluang, showing a modest 0.46% increase in one day. The company holds a market capitalization of $39.57 billion and an enterprise value of $104.88 billion, reflecting its significant scale in the utilities sector. This valuation context highlights the financial backdrop against which the $22.5 billion government takeover cost dispute in San Francisco is unfolding.