PG&E wants consumers to help pay for San Bruno explosion

[Newsjock]

Source: San Jose Mercury News

PG&E on Thursday said its costs from the Sept. 9 San Bruno natural-gas explosion could exceed $760 million by the end of this year -- $150 million more than previous estimates -- and that it will likely want some of that expense passed on to consumers.

... Much of that expense should be covered by the company's insurance policy, they said. But Kent Harvey, PG&E's chief financial officer, suggested that the company may ask the California Public Utilities Commission to pass on some of the cost to PG&E customers.

... However, consumer advocates have vowed to fight any attempt by the company to shunt costs related to the San Bruno disaster onto its ratepayers.

"We don't want to see PG&E scrimp on safety," said Mindy Spatt, a spokeswoman for The Utility Reform Network in San Francisco. "On the other hand, we want to see PG&E take responsibility for any and all mistakes that led up to the San Bruno disaster."

Read more: http://www.mercurynews.com/san-bruno-fire/ci_17415373

[arbusto_baboso]

1. This is the inevitable result of power deregulation in California.

[PBS Poll-435]

3. You should see what OnCor did in North Texas 2 weeks ago

Rolling Blackouts? WTF?


Thanks, Deregulation!

[arbusto_baboso]

4. California. Been there. We lived it.

[Boswell]

11. PG&E has always been this way

they conspired with Pete Wilson on the deregulation that set the stage for ENRON

[rucky]

2. The customers already pay for their insurance.

Which, I assume, covered it.

[slackmaster]

5. Everyone should implement grid-tied rooftop solar panels as soon as possible

Make it hard for them to gouge consumers for their mistakes.

We have the same crap going on here in San Diego. SDG&E is going to have to cough up $750 million in settlements for damage from a fire started by their equipment. Guess how they're going to collect the money.

[msongs]

7. I love my solar panels, electric bill = 0 for the last 18 months nt

[slackmaster]

8. I just last night negotiated a deal to have a system installed on my house

I'll update the E/E forum once I have something interesting to post.

[FiveGoodMen]

6. Certainly shouldn't come from the pockets of the stockholders

who always push the corp to give them all the money and not waste it on things like maintenance and safety!

After all: they earned their dividends ... by ... being rich, I guess.

[daa]

9. Starting in January Georgia Power added $14 a month

for a nuclear plant that MAY come online in 2017. Typical republican legislature mentality, they are charging us now to SAVE us money later.

The only thing wrong is that A) old folks might no9t be around in 6 years, and B) ad in BIG Business does NOT have to pay because, well, the repugs wouldn't want to upset the money cart.

Taxpayers friend my ass.

[bareed]

10. sorry

i try to reach number of replies to post here

[ScreamingMeemie]

12. Welcome to DU. Try to find threads you are interested in to reply to.

That way your reply makes sense and we get to know you a little bit before you post a new thread. :hi:

[AsahinaKimi]

13. Maybe the Attorney General should know

or Governor Brown. They caused the problem by not keeping up with repairs.. WTF are they doing with the money that people pay them?

[Dawson Leery]

14. The mythological "free market" strikes again.

[jtrockville]

15. Privatize the profits, socialize the risks, Ain't it grand?