New York, April 09, 2015 -- The California Public Utility Commission (CPUC) today in a 4 to 0 vote issued its decision on fines and penalty against Pacific Gas & Electric (PG&E, A3 stable) associated with the San Bruno pipeline explosion that occurred in September of 2010. Despite the multi-billion dollar fines and penalties involved, we view this long waited decision as a credit positive because it substantially reduces the uncertainty associated with the size of the financial impact of the San Bruno incident on PG&E.

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