PG&E is urging state regulators to fund pipeline safety improvements by increasing customer fees.Company officials made their case Tuesday to the California Public Utilities Commission, responding to testimony by ratepayer advocates and watchdogs who argued customers should not be on the hook for required safety upgrades.
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By:
Bloomberg News
02/16/12 7:59 PM
PG&E CEO Anthony Earley told investors Thursday that his company expects to be fined at least $200 million by state regulators for its role in the 2010 San Bruno natural gas pipeline that killed eight and leveled a neighborhood.In a quarterly statement filed with the Securities and Exchange Commission, Pacific Gas & Electric Co. set aside $200 million, or 49 cents a share, for potential regulatory fines in the quarter.
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San Bruno city officials accused PG&E Wednesday of walking out of negotiations over compensation for the 2010 gas pipeline explosion that killed eight people and destroyed a neighborhood in the Peninsula city.“You can call it an impasse, you can call it what you want,” San Bruno Mayor Jim Ruane said at a news conference Wednesday morning.
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In a blistering criticism of federal oversight of natural gas pipelines — including the San Bruno line that ruptured in 2010, killing eight people and leveling an entire neighborhood — San Francisco Tuesday sued the nation’s top regulator.
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Pacific Gas & Electric Co. has finished verifying the safe operating pressure of more than 2,000 miles of gas pipeline in densely populated areas of Northern and Central California, the company said in a report filed Tuesday with the California Public Utilities Commission.The utility had promised the commission that it would complete the verifications by January 31.
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The San Bruno pipeline blast killed eight people and injured 38 more in 2010.
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Systemic violations by PG&E of California law and state and federal safety regulations led to the 2010 pipeline disaster in San Bruno, state regulators concluded Thursday — a move that could result in significant fines for the company.
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The profits of gas utilities would be directly tied to their safety records if new legislation inspired by the 2010 San Bruno pipeline explosion becomes law.State Assemblyman Jerry Hill, whose San Mateo County district includes the site of the explosion and fire that killed eight people, introduced the legislation Monday after a news conference on the steps of the California Public Utilities Commission in San Francisco.
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The new chief of PG&E acknowledges that his company’s image and business performance were severely tarnished by last year’s deadly pipeline explosion in San Bruno, but said Monday that significant changes are under way.In a briefing with reporters, chairman, CEO and President Anthony Earley said his first three months on the job have focused on restructuring the company to increase accountability, improve service and bolster the internal standing of natural gas experts.
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Two Bay Area lawmakers announced new legislation Thursday that would require state natural gas regulators to take action on safety recommendations made by the National Transportation Safety Board.
Assemblymen Jerry Hill and Paul Fong discussed the new legislation this morning at the Northwest Square complex in Cupertino.
In August, a natural gas leak from a 2-inch plastic pipe was believed to have caused a fire in one of the complex's 400 units.
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