PG&E fined $1.4 billion for San Bruno pipeline blast
California regulators have imposed $1.4 billion in penalties against Pacific Gas & Electric for a 2010 gas pipeline explosion in a San Francisco suburb that killed eight people.
PG&E, the state’s largest utility, can appeal the fine. PG&E can appeal the fine. Shares were up 1.8% Tuesday, turning higher in afternoon trading.
“Since the 2010 explosion of our natural gas transmission pipeline in San Bruno, we’ve been dedicated to re-earning the trust of our customers and the communities we serve,” the utility said in the statement. “We are deeply sorry
“We have respectfully asked that the commission ensure that the penalty is reasonable and proportionate and takes into consideration the company’s investments and actions to promote safety,” PG&E said. “We are deeply sorry for this tragic event.”
The utility said it has hired gas experts to help boost its safety and reliability.
The company could face additional fines of more than $1 billion if convicted of the federal charges, which are separate from the financial penalties that the state administrative judges weighed.
PG&E pleaded not-guilty to the federal counts in August.
Source: Usatoday
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