PG&E’s Profitable Threat to Our Critical Infrastructure

Back when PA’s Department of Homeland Security was investigating anti-fracking activists as potential terrorist threats to critical infrastructure, I noted that the bigger threat to critical infrastructure pipelines was corporations that pocket rate increases rather than dedicating them to maintaining the pipelines.

Just to take one example, who do you think is a greater risk to our oil and gas infrastructure? A bunch of hippie protesters trying to limit drilling in the Marcellus Shale and thereby protect the quality of their drinking water (which is, itself, considered critical infrastructure)? Or PG&E, which sat on knowledge of an extremely high risk pipeline for three years even after setting aside the money to fix it?

Now CA’s Public Utilities Commission is out with audit results that show just how negligent PG&E was.

Pacific Gas and Electric Co. diverted more than $100 million in gas safety and operations money collected from customers over a 15-year period and spent it for other purposes, including profit for stockholders and bonuses for executives, according to a pair of state-ordered reports released Thursday.

An independent audit and a staff report issued by the California Public Utilities Commission depicted a poorly led company well-heeled in its gas operations and more concerned with profit than safety.

The documents link a deficient PG&E safety culture – with its “focus on financial performance” – to the pipeline explosion in San Bruno on Sept. 9, 2010, that killed eight people and destroyed 38 homes.

The “low priority” the company gave to pipeline safety during the three years leading up to the San Bruno blast was “well outside industry practice – even during times of corporate austerity programs,” said the audit by Overland Consulting of Leawood, Kan.

Congresswoman Jackie Speier, who represents San Bruno, enunciates what’s going on perfectly.

“It is truly unconscionable that PG&E was allowed by the CPUC to steal ratepayer monies that should have been spent on safety and, instead, was put in the pockets of PG&E shareholders,” said Rep. Jackie Speier,

Though, if PG&E were Muslim and brown-skinned, they’d call this terrorism, not just theft.
Tweet about this on Twitter3Share on Reddit0Share on Facebook1Google+0Email to someone

5 Responses to PG&E’s Profitable Threat to Our Critical Infrastructure

  • 1
  • 2
  • 3
  • 4
  • 5

Emptywheel Twitterverse
bmaz @cody_k Kind of surprised it took Cesca 17 hours to hop on that. He's slipping!
8mreplyretweetfavorite
bmaz RT @cody_k: Right on cue... here comes govt leak prosecutor @bobcesca_go to the rescue. @cenkuygur
10mreplyretweetfavorite
bmaz @NSCPress @JasonLeopold I ask again: When is 60 days up on a continuously rolling and evolving set of WPR "Notifications" for same conflict?
13mreplyretweetfavorite
bmaz @VBalasubramani I knew there would be negative effects from the legalization of pot up there!
1hreplyretweetfavorite
bmaz @JamesFallows His strokes would still be all time world class great. But he would be pretty annoying.
4hreplyretweetfavorite
JimWhiteGNV @litbrit What I found on those McCain pics: http://t.co/hO60jHA93E
4hreplyretweetfavorite
bmaz @pbump Gotta say, between those and the Reefer Madness type of drug videos, it was hard to take growing up seriously.
4hreplyretweetfavorite
bmaz @pbump Ohio State Highway Patrol had a whole series of gruesome videos. They still showed them in mid 70s when I took driver's ed. Bleech.
4hreplyretweetfavorite
bmaz RT @mattdpearce: I've updated my story on the Darren Wilson donations. One fundraiser is a Missouri Democrat running for state senate: http…
5hreplyretweetfavorite
JimWhiteGNV RT @CJonesScout: Looking at the Eastern Michigan football roster has produced some interesting results. http://t.co/JdR4JVSje5
5hreplyretweetfavorite
emptywheel RT @MannfredNikolai: This graph shows which European countries are most dependent on Russia for their gas. http://t.co/gyp7Utq4GK http://t.…
5hreplyretweetfavorite
bmaz @yeselson @reftpt @StephanieKelton Still, pretty stark then to now.
5hreplyretweetfavorite
January 2012
S M T W T F S
« Dec   Feb »
1234567
891011121314
15161718192021
22232425262728
293031