PG&E Pays California $300 Million Toward Penalty for Pipeline Incident
8/14/2015
SAN FRANCISCO (AP) — California’s biggest power utility says it’s paid a $300 million penalty to the state’s general fund for a 2010 gas pipeline explosion that killed eight people and destroyed more than three dozen homes in suburban San Francisco.
The payment announced Thursday by is part of a larger $1.6 billion penalty levied against Pacific Gas & Electric earlier this year for the blast in San Bruno.
In addition to the now-paid $300 million to California’s general fund, the penalty requires PG&E shareholders to pay $850 million toward gas transmission safety improvements, mandates the utility pay $400 million in bill credits, and directs about $50 million toward other remedies.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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