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.

Monday, Sep 17, 2012  |  Updated 10:21 AM PDT
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PG&E Could Lose Monopoly on Consumer Power Market

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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

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