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PG&E is a breathtaking example of regulatory capture by business. This was most apparent after the San Bruno pipeline explosion, in which PG&Es undocumented and
by NelsonMinar 8y ago
PG&E is a breathtaking example of regulatory capture by business. This was most apparent after the San Bruno pipeline explosion, in which PG&Es undocumented and unmaintained gas pipelines killed eight people. The original penalty the California Public Utilities Commission approved was zero dollars. Then it came out that various CPUC members were very cozy with PG&E, working with them in secret to shop the case around to a friendly judge. There's various corruption investigations still ongoing. https://en.wikipedia.org/wiki/San_Bruno_pipeline_explosion#State_of_California https://en.wikipedia.org/wiki/San_Bruno_pipeline_explosion#S...