Suit Says PG&E Used Safety Fees To Pay Bonuses Before Blast

Law360, New York (August 23, 2012, 5:52 PM EDT) -- Pacific Gas & Electric Co. was hit with a proposed class action in California state court Thursday alleging its diversion of more than $100 million meant for gas safety and operations to pay for executive bonuses led to a deadly 2010 explosion of a San Bruno pipeline.

The proposed class action alleges that PG&E redirected customer fees it was authorized by the California Public Utilities Commission to collect for natural gas safety measures to parent corporation PG&E Corp. to maintain dividends, repurchase stock, influence ballot initiatives...
To view the full article, register now.