Tuesday, August 19, 2014

Grand jury continuing investigation of PG&E at most will result in slap on wrist

http://www.smdailyjournal.com/articles/lnews/2014-08-19/grand-jury-continuing-investigation-of-pge-utility-pleads-not-guilty-to-charges-in-deadly-san-bruno-blast/1776425128640.html

The maximum possible fine in the criminal case, if PG&E is convicted, would be $1.13 billion, or twice the amount of the victims’ losses. The indictment cites a figure of $565 million in losses, which is the amount of settlements reached in San Mateo County Superior Court in lawsuits filed against PG&E by family members of victims, people who were injured and people whose property was damaged.  In a separate action, San Bruno officials revealed Monday that they have asked prosecutors to recommend the appointment of an independent federal monitor to oversee PG&E’s progress in improving safety as part of the penalty if the utility is convicted.

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