Dueling reports estimate costs of nonprofit power company in San Diego

SAN DIEGO — The battle is heating up over an effort to replace SDG&E in the city of San Diego with a nonprofit power company.

Business was brisk in front of the Costco store in Bay Ho on Tuesday, as volunteers encouraged people to sign the petition to “fire SDG&E.” The petition would force a ballot initiative in November to establish a nonprofit power company run by the City of San Diego. “Their gross profit is approximately 20 percent a year, and this will be a nonprofit, a not-for-profit municipal entity. Right off the top, we’ll eliminate 20 percent of the costs and charges SDG&E is currently collecting,” Powers said.

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