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Tue Jun 4, 2013, 12:21 PM

Audit: Calif. Utility Didn't Spend $50M for Safety [View all]

Source: From ABC News

SAN FRANCISCO June 4, 2013 (AP)

Pacific Gas and Electric Co. did not use $50 million it collected from ratepayers that was meant to improve its gas pipeline network in the decade leading to a deadly explosion in a San Francisco Bay area suburb, an audit shows.

From 1999 to 2010, the utility regularly failed to use all the money to fix and maintain small gas lines that deliver natural gas to homes and businesses, the San Francisco Chronicle reported Tuesday (http://bit.ly/18QE2FM), citing the audit by Leawood, Kan.-based Overland Consulting for the California Public Utilities Commission.


<snip>


A previous report by Overland found that PG&E had diverted tens of millions of dollars from maintenance of its gas transmission pipes as well, the newspaper said.


Read more: http://abcnews.go.com/US/wireStory/audit-calif-utility-spend-50m-safety-19320337#.Ua4R95ziWco

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