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Investigators Propose Penalties for PG&E Over Explosion

California investigators proposed Monday that PG&E Corp. (PCG) pay penalties of $1.25 billion for violating federal and state safety rules prior to the fatal 2010 pipeline explosion in San Bruno, Calif.PG&E would pay the penalties in the form of covering many of the costs of pipeline-safety improvements that state regulators already ordered last December, according to the proposal filed by the state Consumer Protection and Safety Division.The proposed penalties would come on top of $1 billion that the company already has spent to improve safety on its natural-gas pipeline system, according to the proposal. Added together, the total bill for PG&E would be $2.25 billion, state attorneys said.The penalty would be the largest ever imposed by a state regulator, the California Public Utilities Commission said in a statement disclosing the proposal.The Consumer Protection and Safety Division, which is housed at the utilities commission, did not propose that the commission levy any fines again...

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  1. Nuclear Energy CEO on Energy Demand

    National Economic Summit: Nuclear Energy President and CEO Marvin Fertel and DTE Energy Chairman and CEO Anthony Earley Jr . on the importance of upgrading our power supply and grid to meet the demand.

  2. DTE Energy Names Chief Operating Officer Gerard M. Anderson CEO

    DTE Energy (NYSE:DTE) said Friday its current chief operating officer, Gerard M. Anderson, will take the reigns of chief executive from long-time mentor Anthony F. E...

  3. Nuclear Energy CEO on Energy Demand

    National Economic Summit: Nuclear Energy President and CEO Marvin Fertel and DTE Energy Chairman and CEO Anthony Earley Jr . on the importance of upgrading our power supply and grid to meet the demand.

  4. DTE Energy CEO on Reducing Carbon Emissions

    National Economic Summit: Nuclear Energy President and CEO Marvin Fertel and DTE Energy Chairman and CEO Anthony Earley Jr . on why the reduction in carbon emissions should be phased in so consumers don't get sticker shock.

  1. PG&E Faces Rising Costs, Uncertainty After San Bruno Pipeline Blast

    PG&E Corp.'s (PCG) total bill for the San Bruno pipeline explosion and fixing its gas pipeline system could top $3 billion, as the utility faces continued costs and ...

  2. PG&E Posts 4th-Quarter Loss, Sees 2013 as 'Down Year'

    PG&E Corp. (PCG) reported a fourth-quarter loss Thursday amid rising costs from the San Bruno pipeline explosion, which the company said would contribute to making 2...

  3. PG&E Faces Continued Costs, Uncertainty After San Bruno Pipeline Blast

    PG&E Corp.'s (PCG) total bill for the San Bruno pipeline explosion and fixing its gas pipeline system could top $3 billion, as the utility faces continued costs and ...

  4. PG&E: Focused On San Bruno, Repairing Relationships

    PG&E Corp.'s (PCG) utility aims to settle lawsuits filed by victims of a fatal San Bruno pipeline explosion and expected fines related to the disaster in the next th...

  5. Calif Regulators To Release PG&E San Bruno Explosion Report

    California regulators plan to release a final report Monday in a probe of PG&E Corp.'s (PCG) record-keeping prior to a fatal 2010 pipeline explosion in San Bruno, Ca...

  6. Calif Regulators Expected To Release PG&E San Bruno Explosion Report

    California regulators are expected to release a final report Monday in a probe of PG&E Corp.'s (PCG) record-keeping prior to a fatal 2010 pipeline explosion in San B...

  7. PG&E CEO: Fines Over Pipeline Explosion Will Be At Least $200 Million

    PG&E Corp.'s (PCG) top executive said Thursday the company expects fines of at least $200 million over a fatal 2010 pipeline explosion, and that the amount is likely...

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