PG&E’s $900 million San Bruno tax break?

http://blog.sfgate.com/energy/2013/05/15/pges-900-million-san-bruno-tax-break/

http://www.sfchronicle.com/business/article/Big-penalty-s-impact-on-PG-amp-E-unclear-4516491.php

The $2.25 billion penalty that PG&E may face as a result of the deadly 2010 San Bruno pipeline explosion certainly sounds like harsh punishment.

 

But that number is more slippery than it might at first appear.

PG&E will be able to receive credit for some of the pipeline work it has already performed following the explosion. But company executives aren’t sure how much. They’ve already spent more than $1.6 billion responding to the accident.

And in addition there’s this little surprise: the penalty could give PG&E a $900 million tax write-off. For more details, check here.