PG&E diverted safety money for profit, bonuses

[Ernesto]

Pacific Gas and Electric Co. diverted more than $100 million in gas safety and operations money collected from customers over a 15-year period and spent it for other purposes, including profit for stockholders and bonuses for executives, according to a pair of state-ordered reports released Thursday.
The documents link a deficient PG&E safety culture - with its "focus on financial performance" - to the pipeline explosion in San Bruno on Sept. 9, 2010, that killed eight people and destroyed 38 homes.


http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/12/BAUS1MOSUC.DTL&tsp=1