Let the bidding begin: San Diego looks to auction off San Diego's electric and gas services

A future San Diego City Council meeting may resemble a session at an auction house. Or maybe it won’t.Under an Invitation to Bid process outlined by Mayor Kevin Faulconer on Wednesday, it is hoped that multiple energy companies will compete with each other to win the city’s franchise agreement — that is, the right to supply gas and electric services within the city limits of San Diego.The current franchise agreement is held by San Diego Gas & Electric, as part of a 50-year pact signed in 1970 that is set to expire in January.The mayor’s team on Wednesday unveiled some of the stipulations a pot…

Read More

HEDGE accordingly