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PG&E Faces Hefty Fines for Not Providing Safety Documentation

by Kathy Jones on March 24, 2011 at 6:43 PM
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 PG&E Faces Hefty Fines for Not Providing Safety Documentation

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.

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However 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.




Source: Medindia
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