CPUC Asks PG&E To Pay $300M Fine Over Pipeline Blast

Law360, Los Angeles (July 16, 2013, 8:03 PM EDT) -- The California Public Utilities Commission has asked Pacific Gas & Electric Co. to pay a minimum fine of $300 million in connection with alleged safety violations ahead of a fatal 2010 pipeline explosion, according to a revised penalty recommendation filed Tuesday.

The move to enforce the agency's largest fine to date comes just a week after the safety division of the CPUC backed away from a push for PG&E to spend $2.25 billion on upgrades to its system instead of paying it as a fine. In...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.