Bankruptcy Law News

San Francisco Seeks Financial Adviser on Potential PG&E Bid

Feb. 8, 2019, 4:52 PM

San Francisco city officials are looking for a little advice as they weigh whether to buy part of PG&E Corp.’s electric grid.

The San Francisco Public Utilities Commission is reviewing a short list of potential financial advisers for a bid, should the city decide to move forward, Barbara Hale, assistant general manager for power enterprise, said in an interview. The commission also plans to hire consultants to help decide which pieces of the grid the city would want to buy and appraise their worth, she said.

The commission and its consultants will need to move quickly. When PG&E filed for...

To read the full article log in. To learn more about a subscription click here.