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San Francisco announced Sunday it has offered $ 2.5 billion to acquire the power lines of PG & E Corp. serving the city, a first possible step towards the separation of the giant.
The offer intensifies San Francisco's attempt to create a municipal public service owned and operated by the city. The city began exploring the possibility of a public takeover after PG & E filed for Chapter 11 bankruptcy protection in January, citing more than $ 30 billion in potential liability costs stemming from its role. …
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