Oakland Metropolitan Chamber of Commerce urges the CPUC to be Constructive not Destructive
Pacific Gas and Electric (PG&E) is an important and
responsible corporate citizen serving the energy needs of residents, businesses
and others throughout the Bay Area. In
serving this mission PG&E is a major job provider and one of the top
taxpaying and philanthropic organizations in the region. The company will soon be facing a major test
before the California Public Utilities Commission (CPUC).
The explosion in San Bruno is nearing its third year
anniversary. Since that horrific tragedy which claimed the lives of eight
people and destroyed 37 homes, the gas transmission and distribution industry
has undergone significant changes of operation.
In the aftermath, PG&E has provided over $100 million to
the City of San Bruno and has settled nearly all lawsuits filed by the affected
parties. PG&E has also invested more than $2 billion dollars improving the
gas system at shareholder expense.
With that backdrop, the CPUC is now weighing a very
important issue, the imposition of penalties on the company. While penalties are inevitable, our concern
is what is truly fair and just without creating any unexpected consequences.
In the complex world of financing infrastructure
improvements, an excessive penalty will only create financing challenges that
could have detrimental effects. PG&E’s investment since San Bruno including
the siting of their system-wide headquarters in the East Bay has been
remarkable. Here in Oakland, tens of millions of dollars has been spent on gas
pipeline inspections, testing and replacement rendering the City safer than
ever before. This has also brought significant economic stimulus to the area
and additional revenue to our cash strapped City in need of more public safety
and general services.
We encourage the CPUC to consider the many contributions
PG&E has made to Oakland such as the Greenery Project, moving power lines
underground, and lighting projects which are helping to save energy.
The Oakland Metropolitan Chamber of Commerce will be
reviewing this CPUC process with interest and will be commenting more in the
future. Suffice it to say, as we
approach this Labor Day Weekend, an iconic company with a strong history of
union employment and community support – hangs in the balance. Let’s hope the
CPUC proceeds with a sense of fairness and balance as they move forward
on this delicate but extremely important decision
Joseph H. Haraburda
Labels: California Public Utilities Commission, City of San Bruno, explosion, Pacific Gas and Electric, PG&E
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