PG&E to Settle Almost All San Bruno Pipeline Explosion Claims
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PG&E Corp., owner of California’s largest utility, said it will settle “substantially all” remaining personal injury and property damage claims from a 2010 natural gas pipeline explosion that killed eight people.
The utility announced the agreement yesterday in a regulatory filing, saying that in the quarter ending Sept. 30 it expects to record a charge of about $110 million in addition to cumulative charges of $455 million to pay for the settlements reached on Sept. 6 and yesterday. PG&E previously disclosed that it faced about 160 lawsuits filed on behalf of 500 people and a total possible loss of $600 million.