- A San Francisco federal court jury finds PG&E (NYSE:PCG) guilty of safety violations nearly six years after a defective gas pipeline exploded in San Bruno, Calif., killing eight people.
- PG&E is found guilty of five felony counts of knowingly failing to inspect and test its gas lines for potential dangers, and a felony count of obstructing a federal probe of the blast; the company was acquitted of six other pipeline safety violations.
- PG&E faces a fine of no more than $6M after prosecutors earlier backed off a proposal to seek a penalty of as much as $562M.