Calif. Committee Pushes Through Pipeline Safety Bill

Law360, San Diego (April 9, 2012, 10:11 PM EDT) -- A California State Assembly panel on Monday passed a bill that would allow the state Public Utilities Commission for the first time to consider utilities' safety performance when determining the gas rates they can charge customers, after a 2010 pipeline blast left eight people dead.

In a 14-0 vote, the Assembly Committee on Utilities and Commerce approved a slightly amended version of A.B. 1456, proposed by Assemblyman Jerry Hill, D-San Mateo, that aims to tie utilities' safety track records to their profits.

Pacific Gas & Electric...
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.