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Responsible Energy San Diego @RespEnergySD
Joined December 2023
  • Tweets 36
  • Following 15
  • Followers 19
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🏛️ A government takeover of the electric grid by the city will cost $9.3 billion or more in new debt. The interest payments alone would be over $400 million a year. 😨 📉 That’s a bad deal for San Diego.
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WOW🤯🤯 A government takeover of San Diego’s electric grid would cost San Diegans $9.3 billion or more in debt. There isn’t even a plan on how the City would run the government owned electric utility!
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This reckless initiative to take over our electric grid has no undo button🚫🔙. If it was to pass, there is no turning back regardless of what the final price tag will be 💵💵💵.
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San Diegans and utility union members deserve more than a half-baked ballot initiative that forces a government takeover of the electric grid with no plan, no budget, and no accountability. Read more from the @sdut here: bit.ly/4bGaSeA | responsibleenergysd.com
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The @sdut story makes it clear – San Diego doesn’t support a government takeover of the electric grid. The City is already struggling with affordable housing, homelessness, and local streets and roads let’s focus on our priorities. bit.ly/4bGaSeA| responsibleenergysd.com
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Responsible Energy San Diego stands with coalition members across San Diego – all of whom are united in opposition to a government takeover of the electric grid. Join us today. 📣 responsibleenergysd.com/
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🚨Government takeovers of electric grids have a track record of being costly and ineffective. Learn more about the history of failed government takeovers: responsibleenergysd.com/case…
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Proponents of taking over San Diego's electric grid lack a clear operational plan. And the twist? The grid would be managed by 5 board members picked from a hat – experience not necessary! 🚫 responsibleenergysd.com/
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The initiative to force a government takeover of our electric grid fell far short of its 80,000-signature goal. San Diegans know paying $9.3B in new debt for a reckless takeover of the electric grid isn’t a good idea. bit.ly/4bGaSeA | responsibleenergysd.com
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The $9.3 billion or more in new government debt to takeover the electric grid would be 100% debt and 100% funded through our electric bills. ⚡️ 👨‍👩‍👧‍👦Burdening working families with more costs for a proposal with no plan? That makes no sense!
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San Diego is currently facing a $167 million deficit. 😟 A government takeover of the electric grid would add $400 million in annual interest payments alone. 💰 This means higher costs for all of us.💵 📈
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How can you stop the costly $9.3 Billion scheme to seize San Diego’s energy grid? ✔️Join the Responsible Energy San Diego coalition ❌Do not sign the Power San Diego petition 📣Lend your voice to stop this reckless initiative responsibleenergysd.com/
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🚨 The proposal to take over the electric grid would saddle us with $9.3 billion or more in debt. 💸 That means higher costs for all of us.
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🚨 No plan, no budget, no governance. Proponents of a government takeover of the electric grid have not presented any plan for how the City will operate the utility. Their proposed ballot initiative doesn't require a business plan until a year after formation! ❌📈
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The billions in takeover costs for a government-run utility would be 100% debt and 100% funded through our electric bills. This means higher costs for all of us. 💰📈
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🚧The City of San Diego has its hands full keeping up with basic infrastructure needs like fixing potholes and clearing storm drains 🌩️. This will only get worse if the City purchases a multi-billion-dollar electric grid and we’ll only end up paying more.
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Not only will this scheme to seize the electric grid put taxpayers on the hook for $9.3 billion in new government debt. But it will also cost the city $3.9 billion or more in lost future revenue used for critical programs and services. shorturl.at/cdejH
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San Diegans deserve responsible energy, not a multi-billion-dollar risky gamble with no plan. Learn more at: responsibleenergy.com
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Currently, the City of San Diego does not have any staff with the experience to run a complex electric utility and will need to start up this new government-run utility from scratch.
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Added all up, that’s $9.3 billion – nearly twice the City of San Diego’s annual budget! So how is this going to be funded? Entirely by new government debt.
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On top of paying for the grid that we already have, the proposed City-run utility will need to separate the existing infrastructure and reintegrate to form an entirely separate distribution grid. The cost of this? $4.16 billion or more.
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