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

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Emptywheel Twitterverse
bmaz A horrendous practice ratified by Connecticut Supreme Court https://t.co/Yht9rvdUQF
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JimWhiteGNV Groundhog Day. Train. Fade away. Train again. Rinse. Repeat. https://t.co/xrqmhJKFa0
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bmaz @PhilPerspective @R_Ephemeral @walterwkatz To paint the picture to explain the other conduct.
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emptywheel @regretblues Interesting. thanks.
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emptywheel RT @FSIStanford: Taubman: Presumably the Senate Intelligence Committee was aware of everything Snowden exposed. No, says Feinstein. #Securi
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emptywheel RT @FSIStanford: Feinstein: We don't know who or how, but Leon Panetta had asked his staff to "assess" what our Intelligence Committee was …
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emptywheel @adambonin Yeah. I bet @ddayen could invent some competition that would distinguish Spelling wasp from fruit fly.
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emptywheel @adambonin I'd say a POTUS debate but they'd look good by comparison, I guess.
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emptywheel @adambonin Why not make them face off in skills neither is good at, like all good reality shows?
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JimWhiteGNV Aaand there are now a ton of SD Police on motorcycles. Moving on to previously planned destination...
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JimWhiteGNV Previous tweet: this is a demonstration against Border Patrol violence.
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emptywheel How can something as cutthroat as the Spelling Bee end in a tie? It's not right.
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