PG&E reportedly delayed safety work on a transmission line that is the main suspect behind the deadliest wildfire in California's history.
Embattled PG&E Corp. reportedly delayed safety work on a century-old high-voltage transmission line that is the main suspect behind the deadliest wildfire in California's history. The electric and gas company told regulators in 2013 it intended to replace much of the infrastructure, including towers and wires on the so-called Caribou-Palermo line, the Wall Street Journal reported Wednesday.
The company did not have a comment immediately available when CNBC contacted it for a response. PG&E faces at least $30 billion in potential liability costs stemming from wildfires in 2017 and 2018, many allegedly started by the company's equipment, that have led state officials to doubt the safety of the company's electric distribution system. Investigators have already determined PG&E's equipment liable in at least 17 major wildfires in 2017.
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