Friday, January 13, 2012

PG&E Kills Customers For Profit, Extorts Safety Fees for Executive Bonuses, Shareholder Greed

Please explain why Pacific Gas and Electric Co. (PG&E) is allowed to get away with doing whatever it wants extorting its customers threatening their safety by demanding special safety fees accumulating $100 million in surplus revenues.  What do they actually do with the safety funds?  Surely they would make make sure to use the funds to ensure their customers' safety, right? Not PG&E! "PG&E chose to use the surplus revenues for general corporate purposes" rather than improved gas safety, a recent audit said.  Criminals!  Murderers!  Slime!

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 -
Meanwhile people are being killed thanks to PG&E's intentional negligence in diverting such funds.  
The "low priority" the company gave to pipeline safety during the three years leading up to the San Bruno blast was "well outside industry practice - even during times of corporate austerity programs," said the audit by Overland Consulting of Leawood, Kan. PG&E Diverted Safety Money for Profit, Bonuses -

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What a sad, pathetic bunch of criminals PG&E executives are who could care less about the safety of its customers.  Even politicians recognize this for what it is: 
Assemblyman Jerry Hill, D-San Mateo, whose district includes San Bruno, called the company's diversion of customers' money "criminal behavior." "When you divert funds intended for maintenance and safety to profits, there is nothing clearer," Hill said. "It is criminal."  PG&E Diverted Safety Money for Profit, Bonuses -
The SMART meters PG&E are installing pose serious health risks to people due to intense electromagnetic waves that studies have confirmed are damaging to human health.  This is really a scheme to get more money out of customers while imposing spy-like monitoring technology not to mention slow killing them all at the same time.  See Smart Meter Health Complaints - EMFSafetyNetwork

Evil criminals are running PG&E, heads up!