7 - 23 - 1923
United States  
A series of bond sales in the 1930s accomplished the funding. But PG&E didn't want to sell its distribution system for the price set by the Railroad Commission (the precursor to the CPUC). Finally, SMUD was forced to take the old owner to court. In April 1946, after 12 years of litigation, a California Superior Court judge ordered PG&E to transfer title of Sacramento's electric distribution system to SMUD for $13 million. After 23 years of paperwork, SMUD was at last to become a working municipal utility -- and it had only six months to get up and running.

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