In a recent independent audit issued by the California Public Utilities Commission, Pacific Gas & Electric Co. (PG&E) used the $100 million customer safety funds for other purposes including executive bonuses and profit for their stockholders. Surprise!
What this means is that a company that claims customer fees are being used to ensure safety, end up going to pay the exorbitant lifestyles of their already wealthy greedy executives and their shareholders.
An independent audit and a staff report issued by the California Public Utilities Commission depicted a poorly led company well-heeled in its gas operations and more concerned with profit than safety. 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.- PG&E Diverted Safety Money for Profit, Bonuses - SFGate.com
0 comments:
Post a Comment