Real Assets
Almost as soon as Pacific Gas & Electric announced that it was saddled with liability from several deadly wildfires and would be filing for bankruptcy, San Francisco Mayor London Breed directed the San Francisco Public Utilities Commission to look at taking local control of power distribution. On January 29, PG&E, California’s largest utility, officially filed for bankruptcy. The next day, in Breed’s State of the City address, she was bullish about public power in San Francisco.