• KPAY on Twitter

  • Advertisements

PG & E Wants to Offset Potential Fines Following San Bruno Blast

(AP) – Pacific Gas & Electric Co. wants California regulators to offset the fines the utility may face for the San Bruno pipeline explosion by the amount of money the company already has spent testing its lines. PG&E Senior Vice President Tom Bottorff told the California Public Utilities Commission on Tuesday that the company expects to be fined at least $200 million for the September 2010 blast, which killed eight people and destroyed 38 homes. The San Francisco Chronicle reports Bottorff asked regulators to give PG&E credit for $221 million in shareholder funds it spent last year on pipeline tests and other changes prompted by the blast. An administrative law judge ultimately will decide what percentage of the company’s natural gas pipeline upgrades will be paid by customers and shareholders.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: