The sub-humans who run feckless PG&E Co. must pay shareholders $90 million to settle lawsuits stemming from the 2010 San Bruno pipeline disaster that blamed it on corporate mismanagement.
The Sept. 9, 2010, explosion and fire murdered eight San Bruno residents and destroyed 38 homes. Dozens more were injured.
Last August, PG&E was convicted of five counts of violating the U.S. Natural Gas Pipeline Safety Act’s requirements for identifying, evaluating, recording and prioritizing risks in regard to several Bay Area transmission lines.
It was also found guilty of obstructing the National Transportation Safety Board’s investigation by misleading the agency about its policy on when it was necessary to conduct expensive high-pressure water tests on potentially risky lines.
In January, a U.S. District Judge Thelton Henderson in San Francisco ordered PG&E to advertise its pipeline safety criminal conviction in newspapers and on television as part of its sentence for that conviction.
Henderson also sentenced the utility giant to the maximum $3 million fine, placed PG&E on five years’ probation, and ordered the establishment of a court-appointed monitor.
Henderson also required PG&E officials to provide 10,000 hours of community service, including 2,000 hours by high-level personnel.
In other proceedings, PG&E has paid $70 million in compensation to San Bruno, settled survivors’ civil cases in San Mateo County Superior Court for about $565 million, and paid a record $1.6 billion penalty in three related cases before the California Public Utilities Commission.
Read the whole story in the San Francisco Examiner