Responsible Energy San Diego

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[Responsible Energy San Diego @RespEnergySD]

🏛️ 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.

[Responsible Energy San Diego @RespEnergySD]

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!

[Responsible Energy San Diego @RespEnergySD]

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 💵💵💵.

[Responsible Energy San Diego @RespEnergySD]

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: https://t.co/ett2wgQLF3 | https://t.co/dfUac7AYTD

[Responsible Energy San Diego @RespEnergySD]

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. https://t.co/ett2wgQLF3| https://t.co/dfUac7AYTD

[Responsible Energy San Diego @RespEnergySD]

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. 📣

https://t.co/5HfZRW8a23

[Responsible Energy San Diego @RespEnergySD]

🚨Government takeovers of electric grids have a track record of being costly and ineffective.

Learn more about the history of failed government takeovers: https://t.co/kMFst1oOka

[Responsible Energy San Diego @RespEnergySD]

@SDUT Editorial Board take on failed attempt to gather enough signatures to automatically force a government takeover of our electric grid.

“…doubts about setting up a municipal utility weren’t just likely. They were mandatory. Better safe than sorry.”

https://t.co/CDQFvopJfw

[Responsible Energy San Diego @RespEnergySD]

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! 🚫

https://t.co/5HfZRW8a23

[Responsible Energy San Diego @RespEnergySD]

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. https://t.co/ett2wgQLF3 | https://t.co/dfUac7AYTD

[Responsible Energy San Diego @RespEnergySD]

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!

[Responsible Energy San Diego @RespEnergySD]

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.💵 📈

[Responsible Energy San Diego @RespEnergySD]

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

https://t.co/5HfZRW8a23

[Responsible Energy San Diego @RespEnergySD]

🚨 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.

[Responsible Energy San Diego @RespEnergySD]

🚨 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! ❌📈

[Responsible Energy San Diego @RespEnergySD]

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. 💰📈

[Responsible Energy San Diego @RespEnergySD]

🚧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.

[Responsible Energy San Diego @RespEnergySD]

San Diegans deserve responsible energy, not a multi-billion-dollar risky gamble with no plan.

Learn more at: https://t.co/skC1jXCdsf

[Responsible Energy San Diego @RespEnergySD]

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. https://t.co/X9TGQZ84m8

[Responsible Energy San Diego @RespEnergySD]

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.

[Responsible Energy San Diego @RespEnergySD]

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.