Opinion: Consultant says San Diegans could save on energy with a municipal power company. But ...

of The San Diego Union-Tribune, the 14 percent savings scenario depends on the city being able to buy SDG&E’s transmission and distribution assets for about $2.5 billion — and those ratepayer benefits vanish if the assets cost up to $6.2 billion, a distinct possibility. Also, since the city expects to float bonds to pay for the project, additional financing costs could add $1 billion to $1.5 billion to the final tab.

This skeptical attitude is crucial as the city works toward the planned summer 2025 completion of Phase 2 of the feasibility study. With pension costs, the city’s hugely ambitious Pure Water sewage recycling project and

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