PG&E Will Pay $86.5 Million Penalty Over Cozy Relationship With Regulators

SAN FRANCISCO (AP) – California’s biggest utility has agreed to an $86.5 million penalty in an insider-dealing case with state regulators.
Pacific Gas & Electric Co. and other parties in the negotiated agreement filed terms of the proposed penalty on Wednesday.
The case grew out of probes into a 2010 PG&E gas-line explosion that killed eight people in the San Francisco suburb of San Bruno. Some of the thousands of emails released afterward showed PG&E officials and r