SAN FRANCISCO - The San Francisco Public Utilities Commission on Tuesday voted to support retrofitting the city's only power plant instead of building a new, debt-financed power station in the southeastern part of the city.

Yet the city's Board of Supervisors is still scheduled next week to consider the PUC's earlier request to build the new power plant using $273 million of city-issued certificates of participation. Despite its new policy, the PUC chose not to withdraw that request yesterday.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.