"The reality of the situation is that PG&E has unequivocally stated that it will sell the Phoenix system and all the associated water rights to anyone who wants it, but prior to putting it on the open market, PG&E offered it to TUD first as TUD is the most logical owner of the system." "If TUD passes on this offer, then the entire system, and the water rights on which TUD and much of Tuolumne County depend, will be sold to the highest bidder or abandoned. " https://www.mymotherlode.com/community/blogs/tud-on-facts-about-pge-acquisition