Impassioned

Firing back at a skeptical regulatory staff’s earlier allegations, Pacific Gas and Electric Co. (PG&E) on Friday made an impassioned plea to California state regulators that it is “on the right path” to improve pipeline safety and its four-year upgrade and safety-strengthening plan should be supported for the most part by gas utility ratepayers.

California Gov. Arnold Schwarzenegger issued an impassioned statement declaring “another victory” with the proposed settlement for up to $750 million with Chapter 11 bankruptcy-immersed Mirant Corp. The governor promised that any net paybacks from this and other earlier settlements will be used to lower electric rates for private-sector utility customers.

California Gov. Arnold Schwarzenegger issued an impassioned statement declaring “another victory” with the proposed settlement for up to $750 million with Chapter 11 bankruptcy-immersed Mirant Corp., which was announced last Friday (see Daily GPI, Jan. 18). The governor promised that any net paybacks from this and other earlier settlements will be used to lower electric rates for private-sector utility customers.