Creative destruction is one of the fundamental principals of capitalism. In theory, when a business no longer serves the needs of the marketplace, it will be destroyed and replaced by one that does. That’s pretty much what officials in San Francisco have in mind as they contemplate what will replace Pacific Gas & Electric after it filed for bankruptcy in January. “We need to take advantage of this opportunity because the crisis of climate change is a crisis,” San Francisco Supervisor Hillary Ronen said during a recent hearing. “We really need to take it to the next level, and that next level is a complete build out so that we are providing 100 percent renewable energy to all of our customers.” According to a report by Renewable Energy World , the city thinks it could buy the grid infrastructure — wires and poles — left behind by PG&E to serve as the backbone for a new full service municipal utility. If so, one of the principal goals of the new enterprise will be bringing 100% renewable energy to the residents of the city together with the new jobs those new sources of electricity will create. The city already has […]
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