State rules PG&E can charge ratepayers for part of $2.2 billion needed for pipeline upgrades
Original post made on Dec 21, 2012
billion project to upgrade its natural gas pipelines.
Read the full story here Web Link posted Friday, December 21, 2012, 7:46 AM
on Dec 21, 2012 at 8:52 am
Maybe the PG&E execs can kick in their million dollar bonuses to help pay for the work they didn't get done?
on Dec 21, 2012 at 1:27 pm
So: PG&E's gross negligence kills 8 people in San Bruno and traumatizes hundreds of residents...and PG&E was supposed to do this maintenance all along, and pass the cost of it along to consumers...and now PG&E wants its customers to pay HALF?
PG&E shareholders should have to bear 100% of the burden of this cost, not the ratepayers. Customers have been paying for pipeline maintenance all along, but it appears PG&E preferred to use its maintenance funds for paying executive salaries and shareholder dividends.
Amazing how companies always privatize profits but socialize the losses. We do have socialism in America, but only when the banks, auto industry, and utilities get themselves into trouble.
And where are the criminal indictments against PG&E executives for killing 8 people and destroying 38 homes? And while we're at it, let's send the bill for those 200 firefighters who responded to the San Bruno disaster to PG&E.
PG&E is a criminal enterprise, plain and simple, and forcing customers to pay half the cost of the pipelines when PG&E is 100% at fault is the same as someone breaking your kneecaps and then only paying half your medical bills...and not going to jail for it, either.
If "corporations are people", as Mitt Romney claimed, then let's throw PG&E in jail. If we're going to have socialism, anyway, then the state should just take over PG&E and run it on behalf of the consumers. The DWP in Los Angeles is a municipal owned utility and they have lower rates and better service than PG&E customers--and DWP doesn't kill its customers and then expect them to pay for the cleanup.