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AUDIT: PG&E Squandered Ratepayers' $50 Million Earmarked For Safety

Written By Unknown on Tuesday, June 4, 2013 | 6:41 PM

June 4, 2013
SAN FRANCISCO — Pacific Gas & Electric Co. did not use more than $50 million it collected from ratepayers that was meant to improve its gas pipeline network in the decade leading up 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 distribution lines that deliver natural gas to homes and businesses, according to the audit by Leawood, Kan.-based Overland Consulting for the California Public Utilities Commission. Continue reading...
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