After a PG&E pipeline exploded in 2010, killing eight people, state regulators started investigating the company. They found that PG&E had collected $224 million more than it was authorized to collect in oil and gas revenue in the decade before the explosion. At the same time, it spent millions less than it was supposed to on maintenance and generally fell short of industry safety standards. “There was very much a focus on the bottom line over everything: ‘What are the earnings we can report this quarter?’ ” Mike Florio, who was a California utilities commissioner from 2011 to 2016, told The
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