PG&E pledges $100M for San Bruno rebuilding

[mike r]

Source: San Francisco Chronicle

Pacific Gas and Electric Co. said today that it would spend as much as $100 million to help rebuild the San Bruno neighborhood leveled when one of the utility's natural-gas transmission lines exploded.

PG&E President Chris Johns said the firm's board of directors approved the relief fund Sunday night, freeing up "no strings attached" money that is independent of the cost of replacing homes that were ravaged by fire. The money also is separate from legal claims many residents of the Crestmoor neighborhood are expected to file.

Johns said the spending is not an admission that the company is at fault for the blast Thursday evening that killed at least four people, destroyed 37 homes and badly damaged eight others. Four people remain unaccounted for. Federal investigators are leading a probe to determine what caused the blast.

Johns said the utility had already cut the city a check for $3 million for costs associated with responding to the disaster. PG&E will give as much as $50,000 apiece for day-to-day needs to people whose homes that were damaged or destroyed. In addition, Johns said, PG&E will "make whole" those who lack comprehensive insurance coverage for items they lost, and the company will help rebuild streets, sidewalks and parks.


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/09/13/BAMK1FD8A7.DTL

[ThomasQED]

1. In other news, PG&E's latest rate hike

will be approved soon.

[onethatcares]

2. yeah, they're waiting for thier check from BP

n/t

[Demobrat]

3. At least they're taking responsibility

and moving quickly. If it was BP they would still be looking for someone else to blame.

[GiveMeFreedom]

4. A fellow co-worker

who has a friend who works at Pigs, Goats, and Elephants(PG&E)told him right after the accident, everyone who worked in the field at PG&E was busy making cell phone calls. Seems the PG&E employees were selling their shares of PG&E stock before it went down the tubes.