SAN BRUNO, Calif. — Pacific Gas & Electric Co. says the San Bruno natural gas pipeline explosion could wind up costing the utility $1 billion.
PG&E revealed in a regulatory filing Thursday that the cost of repairing the devastated neighborhood, compensating victims, inspecting its pipes and other expenses could reach $550 million. Replacing valves on those pipelines is expected to cost $450 million.
Costs for proposed major renovations to the utility's gas network haven't been calculated.
The Sept. 9 blast killed eight people and destroyed dozens of homes.
The San Jose Mercury News says consumer advocates are concerned consumers will be forced to pay for the improvements.
But PG&E spokesman Jonathan Marshall says it's too early to speculate on how much money the company might seek from the California Public Utilities Commission for improvements.
Information from: San Jose Mercury News, http://www.sjmercury.com