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Mega-Utility Dodges $500M 'Bullet' as Feds Slash Potential Fine for Pipeline Explosion


#1

Mega-Utility Dodges $500M 'Bullet' as Feds Slash Potential Fine for Pipeline Explosion

Deirdre Fulton, staff writer

A federal judge on Tuesday night quietly slashed a potential $562 million fine against Pacific Gas & Electric Co. (PG&E) for the privately owned, publicly regulated utility's role in a 2010 deadly natural gas pipeline explosion near San Francisco.


#2

Out maneuvered, out gunned...or bought out? Follow the money.


#4

The corruption of representative government, especially "regulatory" agencies is a growing criminal treason. I have been to many NRC meetings to witness their repeated reduction of safety standards to serve the nuclear industry. It is a fiction that they serve and protect the people - they do not, they serve and protect the nuclear industry, period!

The 42 inch high pressure fracked-gas pipeline, now nearing completion, runs thru the Indian Point nuclear complex, only 105 feet from infrastructure - taken together with this reduction in fines for what is essentially criminal negligence and incompetence, we are all put in great potential danger! 20 million people live within a 50 mile radius of Indian point, only 35 miles from downtown Manhattan!

http://www.truth-out.org/news/item/30234-doing-the-unthinkable-giant-gas-pipeline-to-flank-a-new-york-nuclear-power-plant

https://sape2016.org/


#6

Just desserts not on the menu


#7

I guess "privately owned, publicly regulated" means taxpayers enforce collections that go to investors who then count on the public to carry the burden of 'damages' inflicted by lowest-bid construction ... like military contracts and privatized prison systems - only costs an extra 25-35% for overhead and profit to pretend we have "smaller" government by turning over public assets to private exploiters. wherein the PUBLIC has not right to intrude behind the corporate veil.


#8

Proving again that we have the finest government that money can buy. Apparently justice, like democracy, is nothing more than a name for an outdated concept.

What is surprising, is that abuses like this can happen in a country where the right to bear arms exists without people resorting to vigilantism.


#9

Corporations do not pay fines. Consumers do.

Same goes for taxes. There is not a single tax in existence that a consumer does not pay.


#12

Mandatory time for corporate crimes! If they weren't a large corporation the charges, under RICO, would be for manslaugther. CEO's need to do prison time. Fines, even large ones, are just the cost of doing business.