... Regulators Recommend $2 Billion Fine for PG&E

Regulators Recommend $2 Billion Fine for PG&E

On May 5, California regulators recommended that Pacific Gas & Electric Co. pay a record $2.25 billion fine for deadly gas pipeline explosion in San Bruno. City officials have asked the state Public Utilites Commission to up the fine to $.385 bilion. A final decision is expected later this year.

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According to a report by the Associated Press, the penalty would be the largest ever imposed on a utility company by a state regulator. PG&E officials have called the penalty excessive, noting that the company’s shareholders have already paid more than $2 billion in system upgrades since the September 2010 blast that killed eight people.

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