PG&E Puts Up $1.7B For Pipeline Safety After Explosion

Law360, New York (February 16, 2012, 4:55 PM EST) -- PG&E Corp. said Thursday it anticipated spending a total of $1.7 billion on pipeline safety improvements and state penalties — expected to be more than $200 million — after a deadly 2010 explosion in San Bruno, Calif.

The company has already shelled out $546 million on pipeline-safety related work through the end of 2011, and projects spending another $550 million on safety this year, according to PG&E spokesman Brian Hertzog. Meanwhile, operational improvements amount to $400 million of the $1.7 billion figure, while $200 million accounts...
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