California regulator flags concerns over PG&E's wildfire safety measures
Reuters
Published Nov 25, 2020 07:32AM ET
(Reuters) - The California Public Utilities Commission (CPUC) has raised concerns over certain deficiencies that it says could affect PG&E (NYSE:PCG) Corp's ability to provide safe and reliable service, the power provider disclosed in a regulatory filing on Wednesday.
The regulator, in a letter https:// to PG&E dated Tuesday, said it will require remediation on specific issues identified in the San Francisco-based utility's wildfire mitigation plan progress reports.
PG&E emerged from bankruptcy in July, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California.
CPUC said its concerns arose from what appeared to be a pattern of vegetation and asset management deficiencies.
The regulator said its staff had "identified a volume and rate of defects in PG&E's vegetation management that is notably higher than those observed for the other utilities."
CPUC said a fact-finding initiative is underway to determine if the regulator needed to place PG&E into the "enhanced oversight and enforcement process."
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Written By: Reuters
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