Reasons no. 3 and no. 4 to vote for Props. F and I Countdown to public power | September 19, 2001 | SFBG News Countdown to public power TWO PUBLIC POWER initiatives are on the Nov. 6 ballot: Proposition I (the municipal utility district) and Proposition F (the city-run water and power agency). Here's the third and fourth of the top 10 reasons to vote yes on public power this fall. Local money stays local As the threat of nationwide economic recession looms, Bay Area residents are watching not only how much money they spend but also where their money ends up. Your Pacific Gas and Electric bill lines the pockets of PG's parent corporation, which in turn helps another arm of PG – the PG National Energy Group – invest in its now vast network of polluting power plants along the eastern seaboard. With public power, your energy bill sustains local services and local workers' salaries. Revenues can enrich the General Fund When public utilities pull in high revenues, the money isn't used for million-dollar bonuses for corporate CEOs. Instead the locally elected utility board decides how to spend its extra funds. The board could vote to lower consumer rates or to create a special fund (as the Sacramento Municipal Utility District has done) to help keep rates low when power prices unexpectedly spike. And the board has other choices: it could invest in a new wind- or solar-power project, or it could turn over a portion of the extra cash to the city's General Fund to pay for much-needed social programs. Last year the Los Angeles Department of Water and Power gave $122 million to L.A.'s General Fund. In San Francisco those funds could help shelter the homeless or pay for prescription drugs at San Francisco General Hospital. (Rachel Brahinsky) To read about programs in Los Angeles and Sacramento funded by public utility revenues, go to www.greenla.com [http://www.greenla.com] and www.smud.org [http://www.smud.org] . http://www.sfbg.com/searchit.html]