Earley

The financial impact of more than a billion dollars of regulatory fines and penalties against Pacific Gas and Electric Co. (PG&E) last year were felt in the 4Q2015 and full-year results of its parent company, PG&E Corp. Meanwhile, senior company officials reported on the pending activity in regulatory and criminal court proceedings, which is still unfolding.

Positioning his company behind California’s clean energy push, Pacific Gas and Electric Co. (PG&E) CEO Anthony Earley said Wednesday that the combination utility will continue to focus its future growth on projects that support implementation of the statewide initiative.

San Francisco-based Pacific Gas and Electric Co. (PG&E) has determined that its multi-billion-dollar, multi-year effort to upgrade its transmission pipeline system will now take longer and cost more than previously expected, PG&E senior executives said Tuesday.

Pacific Gas and Electric Co.’s (PG&E) regulatory and legal woes will not be over anytime soon, and in the meantime the combination utility continues to push back against what it considers excessive penalties proposed by state regulators, CEO Tony Earley said Tuesday.

Pacific Gas and Electric Co. (PG&E) executives said Thursday there is no early resolution in sight for the regulatory and criminal legal proceedings facing the utility for the 2010 explosion of one of its natural gas pipelines, which killed eight and devastated a San Bruno, CA, neighborhood (see Daily GPI, Sept. 27, 2010).

Pacific Gas and Electric Co. (PG&E) senior executives admitted Wednesday that the utility has dropped the ball in keeping state regulators informed of its efforts to upgrade the safety of its natural gas pipeline network. But they argued that at no time has the system’s safety been compromised.

Natural gas prices and flexible gas-fired power generation are two keys to California’s attempt to deal with the impact of more renewable-based and decentralized power supplies, according to the CEOs of Pacific Gas & Electric Co. (PG&E) and Southern California Edison Co. (SCE).