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San Francisco on June 4 hired a financial advisor as it considers buying distribution assets from the beleaguered utility Pacific Gas & Electric, which filed for voluntary bankruptcy protection in January as it faced more than $30 billion in liabilities stemming from 2017 and 2018 wildfires that burned many thousands of acres and destroyed thousands of structures.
On Oct. 16, the Webcor/Obayashi Joint Venture, general contractor for the Salesforce Transit Center in San Francisco, filed a complaint San Francisco Superior Court against the hub's owner, the Transbay Joint Powers Authority, seeking more than $150 million in extra payments on its $994,517,600 contract.
