TUD Optimistic Negotiations Will Proceed With PG&E Over Water Infrastructure ...Middle East
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Sonora, CA — There have been some new developments related to TUD’s desire to purchase PG&E water infrastructure such as Pinecrest Lake, Lyons Reservoir and the Tuolumne Main Canal. We reported in June that TUD was in negotiations to acquire the assets, but discussions were halted because PG&E wanted to “re-evaluate its long-term strategy.” PG&E has now announced that it has formed a new subsidiary company, Pacific Generation, LLC, and has filed with the California Public Utilities Commission to sell a minority stake in that subsidiary. Pacific Generation is planning to own the company’s “non-nuclear power generation assets.” Mike Schonherr, director of strategic agreements for PG&E, sent an
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