360° Coverage : Federal Charges Likely Against PG&E Over San Bruno

1 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...

Filed under: news

 
 
 

30 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.
/>

Source: Forbes Business

 
Update
1

8 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (Ne ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

WHO welcomes approval of Ebola vaccine trial in Switzerland
Geneva, Oct 28 (IANS) The World Health Organisation (WHO) Tuesday welcomed the approval of a Swiss regulatory authority for a trial with an experimental Ebola vaccine at the Lausanne University Hospital.
 
 
Salt-degraded farm soil now equals the size of France
Toronto, Oct 28 (IANS) Every day for more than 20 years, an average of 2,000 hectares of irrigated land in arid and semi-arid areas across 75 countries, including in India, has been degraded by salt, a research has found.
 
 
Radiation exposure ups aggressive thyroid cancer risk
New York, Oct 28 (IANS) Nuclear power plant accidents could be devastating and researchers have now found that exposure to radioactive iodine is associated with more aggressive forms of thyroid cancer.
 
 
French medical personnel who treated Ebola victim free of virus
Paris, Oct 28 (IANS/EFE) Dozens of medical personnel who took care of a French nurse while she was being treated for the Ebola virus disease have finished their observation period and are free of the virus, French health officials said Tuesday.
 
 
 

Latest from the Network

Benedict Cumberbatch: Sherlock can't have sex
Benedict Cumberbatch says Sherlock Holmes doesn't have sex - because he's more interested in crime. The 38-year-old British actor was catapulted to global fame playing a modern version of the fictional detective in the...
Read more on Celebrity Balla
 
Melissa McCarthy was robbed at gunpoint
Melissa McCarthy was robbed at gunpoint when she moved to California. The 'Bridesmaids' actress was working at a dry cleaners on a quiet street in Santa Monica when she first moved to Hollywood to pursue a movie career...
Read more on Celebrity Balla
 
Russell Brand: I wish I was bisexual
Russell Brand wishes he was bisexual. The 39-year-old comedian - who was married to Katy Perry for 14 months until December 2011 - has confirmed he is single at the moment but is keen to experiment more with his...
Read more on Celebrity Balla
 
Woman saves Indian from Bangladeshis' captivity in Baharin
Manama, Oct 28 (IANS) An Indian, allegedly tortured and held hostage in Bahrain by five Bangladeshis for a paltry BHD800 ransom (about $2,000), was rescued with the help of his co-worker, an Indonesian woman, in an...
Read more on Politics Balla
 
Billiards: Bhaskar shocks Gilchrist, joins Advani in semis
Leeds, Oct 28 (IANS) For long the bridesmaid in Indian billiards, Balachandra Bhaskar, the 43-year-old from Bangalore, authored a big upset when he knocked out defending champion Peter Gilchrist 797-586 to enter the...
Read more on Sport Balla
 
WHO welcomes approval of Ebola vaccine trial in Switzerland
Geneva, Oct 28 (IANS) The World Health Organisation (WHO) Tuesday welcomed the approval of a Swiss regulatory authority for a trial with an experimental Ebola vaccine at the Lausanne University Hospital. According to...
Read more on Business Balla
 
Indian in US gets 15 years in jail for backing Hezbollah
New York, Oct 28 (IANS) An Indian citizen residing illegally in the US has been sentenced to 15 years in prison for allegedly trying to provide material support to Hezbollah, a designated foreign terrorist...
Read more on Politics Balla
 
Another body recovered from sunken South Korean ferry
Seoul, Oct 28 (IANS/EFE) South Korean rescue teams Tuesday recovered one of the 10 bodies still missing from the Sewol ferry which sunk off the country's southwest coast April 16 this year leaving 304 people dead, most...
Read more on Politics Balla
 
Iraqi Kurdish force moves to help fight IS militants in Kobane
Baghdad, Oct 28 (IANS) A group of Iraqi Kurdish fighters, known as Peshmerga, headed Tuesday to the Syrian border town of Kobane via Turkey to help local Kurdish people who have been struggling to fend off attacks by...
Read more on Politics Balla
 
Al Qaeda affiliate seizes seven villages in Syria
Beirut, Oct 28 (IANS/EFE) The Nusra Front, Al Qaeda's affiliate in Syria, has seized seven villages in the northern Syrian province of Idlib over the past few hours, the Syrian Observatory for Human Rights reported...
Read more on Politics Balla