PG&E Could Lose Monopoly on Consumer Power Market

Pacific Gas and Electric could lose its consumer power market monopoly in San Francisco, where the giant utility is based.

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    PG&E could lose its consumer power market monopoly in San Francisco

    SAN FRANCISCO (AP) -- Pacific Gas and Electric could lose its consumer power market monopoly in San Francisco, where the giant utility is based.
     
    The Board of Supervisors on Tuesday considers a nearly $20 million contract with Shell Energy North America to provide 100 percent renewable power to San Francisco customers who want to pay a premium price.

      About $2 million of that contract will be used to study local power generation options.
     
    The San Francisco Chronicle says the CleanPowerSF program is designed to build a customer base and revenue stream to lay the groundwork for city-owned renewable power generation.
     
    It also advances San Francisco's aggressive greenhouse gas reduction goals.
     
    Information from: San Francisco Chronicle, http://www.sfgate.com