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PG&E wants to raise rates for aging infrastructure

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Updated: 7/03/2012 9:49 am
PG&E wants to raise its rates to upgrade its gas and electricity systems. The proposal would raise customers' bills by as much as 12 dollars per month.

The utility says much of the money would go to replace older gas lines, install leak detection systems, and make other upgrades.

The proposal must still be approved.

PG&E has come under fire for poor management of its aging network of gas pipelines.  Now they say hundreds of its pipelines are in danger of failing like the one in San Bruno that exploded and killed eight people in 2010.

The company has identified almost 240 problematic pipeline segments, spanning nearly 47 miles, throughout northern and central California. Last year, a local pipeline failed during a pressure test causing a huge crater in a field.

PG&E says it plans to take care of the problematic pipelines over the next two years.
 
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The views expressed here do not necessarily represent those of KGET TV 17 - In the Spirit of the Golden Empire

RobtAlan1 - 7/3/2012 5:25 PM
0 Votes
This company should fire every exective making over $100,000 a year. Thehy should cut all their retiree's pensions and benefits starting with the biggest pigs in the trough. This wasn't an accident this was theft of the public's money to line their own pockets. Also, we should cut off the PUC who is suppose to be regulating the bastards instead of playing golf with them. First, they endanger the public and murder innocent civilians with gas line explosions in San Bruno from not doing their jobs and now they want us to pay for their theft and damages. The government should hire fire all upper management, install a new management team from the survivors and make them pay back every cent they have wasted. Financial reporting should be monthly and any unnecessary expenses eliminated until the rehabilitation is complete. Anybody who doesn't like this should be shown the door.

Paranah - 7/3/2012 11:45 AM
0 Votes
This is only part of the story. PG&E earns 11.35 percent interest on investments in it's systen. That interest comes from rates charged to customers. After covering operating expenses PG&E earns 9 cents per dollar or 9 percent profits. Wish the PUC would guarantee me 9 percent interest on my investments. This past year PG&E stock holders earned $1.82 per share in dividends or 4 percent.

murph56 - 7/3/2012 10:47 AM
2 Votes
Ok so why haven't PG&E been slowly replacing these lines over the years and keeping up with the times instead of waiting until they are ready to blow and charging the customers an arm and a leg to repair their mistake?
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