10 Updates
Federal Charges Likely Against PG&E Over San Bruno
Photo Credit: Forbes Business

Federal Charges Likely Against PG&E Over San Bruno

Mar 27 2014, 6:44pm CDT | by

California utility, Pacific Gas & Electric Co., announced today it expects federal officials to bring criminal charges against the company in connection with a 2010 gas-pipeline blast in San...

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17 weeks ago

Federal Charges Likely Against PG&E Over San Bruno

Mar 27 2014, 6:44pm CDT | by

California utility, Pacific Gas & Electric Co., announced today it expects federal officials to bring criminal charges against the company in connection with a 2010 gas-pipeline blast in San Bruno, California.

In an official statement, PG&E said it is negotiating with the U.S. Attorney’s office. A disclosure document was filed today with the Securities and Exchange Commission by PG&E Corp. and its subsidiary.

PG&E “Now expects that the U.S. Attorney will charge that PG&E’s past operating practices violated the federal Pipeline Safety Act in areas such as record keeping, pipeline integrity management and identification of pipeline threats,” it said in a statement. The Company expects the legal proceedings to be lengthy.

PG&E stated it thinks any criminal charges would not be merited and, as its employees did not intentionally violate federal pipeline safety laws.

In a prepared statement, PG&E Chairman and CEO Tony Earley, who was brought in to lead PG&E in 2011 after the San Bruno accident, said the company has tried “to do the right thing for victims.”

“San Bruno was a tragic accident that caused a great deal of pain for many people,” he said in the statement. “We’re accountable for that and make no excuses.”

Early said the utility “learned the tragic lesson of San Bruno that safety must always come first.”

“Toward this end, we’ve implemented enormous change here at PG&E,” he said. “We’re working to transform this 100-plus-year-old natural gas system into the safest and most reliable in America.”

PG&E said, “Even where mistakes were made, employees were acting in good faith to provide customers with safe, reliable, affordable, clean energy.”

Last year, PG&E announced it would pay out $565 million in legal settlements and other claims stemming from the 2010 natural gas explosion that killed eight people and devastated a neighborhood. The company has taken actions including the commitment of $2.7 billion of shareholder money to fund safety-related work and the replacement of 127 miles of pipeline.

This article will be updated as the story develops.
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Source: Forbes Business

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakya ...
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Update
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7 weeks ago

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Update
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7 weeks ago

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Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan Ra ...
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Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri ...
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Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selata ...
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Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM20 million ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara D ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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