Sell PAU. Going price that property would be in the neighborhood of $800M-$1B, maybe more. Take the money from that sale and invest (in safe securities and bonds) an amount sufficient to contribute the current average amount contributed to the General Fund by the utility. Use the rest of the money (probably several hundred million) to help pay for infrastructure (about $100M), and the remainder to drive a _steep_ discount solar program sufficient to get most Palo Altons to a place where the grid is paying them back for generating surplus electricity.
The general argument that many raise against selling PAU is that our rate structure is currently cheaper than adjoining municipalities. We would be in danger of the same fate _if_ we didn't use a large portion of the sale money to solar-enable local residences.
In fact, money directed from a sale of PAU to solar, with other innovative deployments, could go a long way toward relieving most Palo Altans from high rates, for good.
Why isn't this idea even considered, or debated at the policy level. Maybe it's a bad idea; maybe it's a good idea; maybe it's an OK idea that can be iterated to a great idea.
I want to see some REAL innovation here, instead of just talk and the occasional meeting about innovation. Ms. Mayor, how about it?