This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Pipeline Is Safe, PG&E Tells San Carlos Customers

Stocks in this article: PCG

SAN FRANCISCO, Oct. 5, 2013 /PRNewswire/ -- Pacific Gas and Electric Company's (PG&E) today said customers in San Carlos, Calif., can be assured that a natural gas transmission pipeline in their community is being operated in a completely safe manner.

In addition, PG&E said that despite the line being operated safely, the company is taking steps to be able to safely and effectively shut off service to the pipeline in compliance with an October 4 temporary injunction order by the San Mateo Superior Court. PG&E expects to be in a position to shut off service as early as Monday or Tuesday. The plan must account for a number of important safety and customer impacts associated with shutting off service.

"We are working diligently to comply with the court order to safely and effectively shut off service to the pipeline. However, in the meantime, I want all customers to know that this pipeline has been demonstrated to be safe using the leading and most universally accepted standard for assessing the integrity of operating pipelines. Under no circumstances would we operate this pipeline in an unsafe condition and any suggestion to the contrary is simply wrong," said Nick Stavropoulos, the executive vice president with responsibility for all PG&E gas operations since June 2011.

PG&E is responding to the court order by developing a plan to shut down the pipeline in a safe and effective fashion as quickly as possible.  The company noted that work is presently being conducted on Line 101 on the Peninsula – the pipeline stretches from South San Francisco to San Jose. This work must be completed before Line 147 can be taken out of service in order to avoid posing an unreasonable risk of loss of service to other customers.   In addition, the company is completing an assessment of gas service impact to customers in the San Carlos community, which will be taken into account as the company's analysis concludes by Monday.

To ensure safe operations on Line 147 in San Carlos, PG&E conducted hydrostatic pressure testing on the line in September 2011 to validate the safe operating pressure. Hydrostatic pressure testing, including a spike test, is widely considered among state and federal regulators the leading industry standard to ensure the safe operation of a gas transmission pipeline.

In addition, a third party consulting firm conducted independent metallurgical testing after further questions were raised about the pipeline by a company employee.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs