PG&E Hands San Bruno $70M To Resolve Explosion Claims

Law360, New York (March 12, 2012, 2:57 PM EDT) -- PG&E Corp. inked a $70 million settlement with San Bruno, Calif., on Monday to end the city's claims over a September 2010 pipeline explosion that killed eight and injured 58 more.

The $70 million payment comes on top of PG&E's agreement to pay up to $50 million for infrastructure repairs and other city expenses tied to the accident. PG&E subsidiary Pacific Gas and Electric Co. pledged to fund the settlement from its own coffers, rather than through insurers or hikes in customer rates.

Chris Johns, the...
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