California's High Electricity Prices: Can Cities Build Their Own Grids?

PG&E's electricity rates in California are significantly higher than the actual cost of generation and transmission, placing a heavy burden on residents. This article analyzes the feasibility of cities building their own power grids, using Walnut Creek as a case study. By comparing financial data from Palo Alto's municipal utility, the author calculates that Walnut Creek could lower electricity prices by 10-15 cents/kWh, saving residents around $800 annually. Furthermore, a city-owned grid could facilitate green energy investments, encourage energy transition, and enhance fiscal stability. While initial investment costs are significant, the long-term benefits are substantial, warranting serious consideration by city governments.