[jeffbee]

Maybe, but SVP has two massive advantages: it delivers almost all of its energy to a handful of gigantic customers, not homes. Contrary to internet belief, having a customer base dominated by industry makes power cheap to deliver. Secondly, it gets a free pass from expensive things that the state makes PG&E pay for, especially rural service.

[toast0]

There's very little rural in San Francisco city/county, so a hypothetical sf electric utility wouldn't have to spend a lot on that either.