The California Public Utilities Commission (CPUC) will be cracking down hard on the Pacific Gas and Electric Company (PG&E) with the state regulator likely to fine the company $1 million a day for not providing pipeline safety documents that it had requested.
According to analysts at Bernstein Research, the CPUC is expected to take a harsher stance against PG&E with the total amount of fine likely to run into hundreds of dollars before the public utility company provides the necessary documents to the agency.
AdvertisementHowever not all are convinced that CPUC will come true on its threat with long time critic of PG&E, Loretta Lynch claiming that the public fining of the company is just a "sideshow" to divert the public's attention from the fact that not much action has taken place in the ongoing investigation of the company.
"Fining for failure to produce documents is a side show designed to divert us from the ongoing lack of action where it counts. That's not action. That's collaboration of the regulator with the regulated", she added.