City leaders at a council meeting Tuesday rejected the threats by San Diego Gas & Electric and accused the utility of misleading city officials.
The ordinance, if adopted, could launch the city into the municipal utility business and begin taking away customers from SDG&E.
City leaders said a SDG&E official's assertion that the city's plan to provide service only to new development would not be financially feasible -- and that existing SDG&E customers would have to bail out the new customers -- is false.
Existing San Marcos residents and commercial customers could expect to see reduced rates through the city's investment in a 250-megawatt power plant to be built in the city of Burbank.San Marcos plans to invest about $18 million in the $240 million project, called the Magnolia Power Plant.
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