San Diego
The state Public Utilities Commission on Wednesday approved the sale of city street lights by San Diego Gas & Electric to the city.
Under the sales agreement, the city will purchase the system for $1,042,000. After the city assumes ownership of the street lights, it will no longer pay SDG&E; for maintenance and operation of the system, and will be eligible to purchase energy from the power company at a lower rate than it now pays.
At a later date, the PUC will rule on whether a profit of almost $300,000 earned by SDG&E; from the sale should be divided among the company’s shareholders, or returned to its customers.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
