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P-HealthX > Blog > Environmental Wellness > San Diego ponders a bid to take over its for-profit energy utility
Environmental Wellness

San Diego ponders a bid to take over its for-profit energy utility

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Last updated: 2024/05/31 at 2:58 PM
By admin 2 Min Read
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Activists in San Diego are determined to establish a nonprofit power company by pushing for a municipal takeover of the city’s investor-owned utility. Despite facing skepticism from city council members who have rejected similar proposals in the past, advocates believe that a transition to clean energy under public ownership would result in cheaper rates and a more equitable system. The recent submission of over 30,000 signatures from residents urging the City Council to let voters decide on the matter demonstrates strong community support for the initiative.

Similar efforts to explore public power options are gaining traction in other locations, such as Rochester, New York, and San Francisco. Lawmakers in New York recently introduced a bill to buy out Central Hudson Gas & Electric and create a public power authority in the Hudson Valley region. These moves reflect a growing trend of communities seeking to take control of their energy systems to ensure affordability, sustainability, and accountability.

While San Diego Gas & Electric vehemently opposes the takeover effort and has invested heavily in political action committees to block it, proponents argue that a public takeover would lead to savings for residents due to the elimination of shareholder returns. Despite the high cost estimates associated with the takeover, supporters remain committed to the goal of establishing a public power model that prioritizes the needs of the community over corporate interests. The ongoing conversation around public ownership of energy highlights the importance of addressing rising utility costs, enhancing service quality, and accelerating the transition to clean energy for the benefit of all residents.

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admin May 31, 2024 May 31, 2024
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