Pg&E

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.

Federal prosecutors in the U.S. Attorney’s Office for the Northern District of California have submitted testimony in its criminal case against Pacific Gas and Electric Co. (PG&E), alleging that shoddy recordkeeping contributed to a 2010 natural gas pipeline rupture and explosion that killed eight people in San Bruno, a suburb south of San Francisco.

A California Public Utilities Commission (CPUC) initiated investigation of Pacific Gas and Electric Co.’s (PG&E) recordkeeping in its natural gas distribution system has turned up repeated violations contributing to explosions over the past two years. The report is part of proceedings on pipeline safety and possible penalties for recordkeeping violations.

Pacific Gas and Electric Co. (PG&E) has completed roughly 20 hydrostatic tests of pipeline segments involving the temporary use of compressed natural gas (CNG) and liquefied natural gas (LNG). The pipeline segments passed their pressure tests, and the use of CNG/LNG also passed, according to utility officials.

California regulators on Thursday unanimously agreed to investigate the safety operations and culture at San Francisco-based Pacific Gas and Electric Co. (PG&E) following a string of incidents over the last five years.

San Francisco-based Pacific Gas and Electric Co. (PG&E) said Friday it has paid a $300 million fine assessed by the California Public Utilities Commission (CPUC) for the combination utility’s complicity in the 2010 San Bruno natural gas transmission pipeline rupture and explosion that killed eight people.

Pacific Gas and Electric Co. (PG&E) on Tuesday released reports by separate third-party engineering/metallurgical consulting firms that concluded excavation equipment from a road-building project caused the rupture and resulting fatal fire in the utility's 12-inch diameter natural gas transmission pipeline (Line 118B) near Fresno, CA, last April.

Pacific Gas and Electric Co. (PG&E) on Tuesday released reports by separate third-party engineering/metallurgical consulting firms that concluded excavation equipment from a road-building project caused the rupture and resulting fatal fire in the utility’s 12-inch diameter natural gas transmission pipeline (Line 118B) near Fresno, CA, last April.

Physical natural gas for weekend and Monday delivery worked lower Friday as weather systems were confined mainly to load-killing rain and thunderstorms over much of the country and traders were reluctant to commit to three-day deals. Overall, the market fell 5 cents to $2.19.