Frustrated with high utility costs, the City of Corona, CA, plans to use redevelopment powers to take over power distribution.
"The main hitch in the plan: 'The system is not for sale,' said Edison spokesman Charley Wilson....That's why Corona would be forced to use its power of eminent domain... to condemn at least a portion of Edison's power lines and substations. If that works -- it probably would carry an enormous price tag -- Corona effectively would take control of power distribution within its city limits... Another city investigating the possibility of taking over a power distribution operation recently discovered that the cost would approach $500 million..."
Thanks to Governing.com
Read the full story: Corona Plans to Seize Edison's Power Lines
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