Tagged: PG&E

CNN may buy Mashable for $200 million. Mashable covers and aggregates news on social media and the Internet at large. Last August CNN bought Zite, a news app for the iPad...

San Bruno will receive $70 million in a PG&E settlement after months of negotiations about the 2010 blast, which killed eight people and destroyed or damaged more than 100 homes. This is in addition to a previous $50 million trust set aside by PG&E to pay for direct damages of the explosion. The energy company has pledged not to seek to recover the payment through insurance or ratepayers...

PG&E announced it will pay the city of San Bruno $70 million in restitution from pipeline explosion of September 2010, which killed eight people and destroyed dozens of homes. Jim Ruane is the mayor of San Bruno, which has a population of about 40,000 people. KALW's Holly Kernan spoke with Ruane about what the settlement means for the city. 

PG&E insists that its current rates are reasonable despite the fact that the price of natural gas has dropped. Consumer advocates point out that PG&E should pass its savings onto customers and not use it for other sectors of the company budget...