This is pretty ridiculous: http://www.kqed.org/a/forum/ R201407300900
Remember their negligence over the San Bruno, CA gas line explosion
that killed 8 and destroyed millions in property? Well they are getting
sued because it was revelaed that the company exchanged over 7K emails
with the CPUC (state agency regulating utilities) while being
investigated by them. That is like OJ having a regular side conversation
with the LA Superior Court before the trial started. But that is the
revolving door, where many in the CPUC are former utility workers, and
maybe hope to work at PG&E in the future. Can you believe that
PG&E has not paid a dime in fines so far, and the incident is 4
years old? With these new charges, they now could be on the hook for
around $4B. I divested from them long ago out of disapproval, but you
might want to as well to save your money.On January 13, 2012, an independent audit from the State of California issued a report stating that PG&E had illegally diverted over $100 million from a fund used for safety operations, and instead used it for executive compensation and bonuses.
In December 2012 the California Public Utilities Commission decided that 55% of the long term costs for PG&E pipeline inspection and safety upgrades of $229 million will be borne by electricity rate payers.
No comments:
Post a Comment