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I hear different values reported for the PG&E system to be acquired by SMUD. What’s up with that?

April 26, 2017acquired different hear PG&E reported smud system values

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I hear different values reported for the PG&E system to be acquired by SMUD. What’s up with that?

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PG&E reported a “book value” to the Sacramento LAFCO of $65 Million for the poles, lines, transformers, etc. that would be acquired by SMUD. However, PG&E contends the “market value” is $516 Million. The R.W. Beck study reported a value ranging from $56-$108 Million. The SMUD study calculated a value ranging from $84–$130 Million. Sacramento LAFCO had an independent analysis conducted by their consultant who established the value at $110 Million.