Oct 26, 2019 San Francisco / CA / USA - Close up of PG&E ( Pacific Gas and Electric Company) sign at their historical headquarters in downtown San Francisco. (Shutterstock Image)
The San Francisco Chronicle is reporting that Pacific Gas & Electric has agreed to sell its San Francisco headquarters building for $800-million. The giant utility is seeking approval to return half of the sale proceeds back to customers. If approved by the California Public Utilities Commission, PG&E plans to distribute up to $420-million to customers over the next five years to offset future customer rates. PG&E plans to move into a new headquarters in Oakland.