After the City Council could not agree on terms to recommend, the Mayor’s Office released the requirements a utility must meet to win the right to provide electric and gas services within the city limits. The Invitation to Bid calls for a new agreement lasting 20 years and stipulates the prospective winner to pay at least $80 million upfront — $70 million for the electric franchise and $10 million for the gas franchise. The winning bidder must then receive approval from a two-thirds vote of the City Council. The City could work out an extension with SDG&E if a deal is not reached before the current franchise expires. For more information, please read the following stories:
Utility Drive:
San Diego Union Tribune:
San Diego wants at least $80 million for its electric and gas franchise agreement