PG&E Agrees To Pay $70 Million For San Bruno Blast

SAN FRANCISCO (AP) — Pacific Gas & Electric Co. has agreed to pay $70 million in restitution for the California pipeline explosion that killed eight people in 2010.

PG&E and the city of San Bruno announced the settlement Monday in a joint statement. They say the money will be used to establish a nonprofit organization to help the community recover from the Sept. 9, 2010, blast that also destroyed 38 homes.

The San Francisco-based utility previously set up a $100 million fund to support emergency needs in the aftermath of the explosion that destroyed more than three dozen homes in the San Francisco suburb.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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