Anonymous ID: 3252c6 Feb. 8, 2019, 6:04 a.m. No.5078137   🗄️.is 🔗kun   >>8144

Critics ask what took PG&E so long on wildfire safety effort

 

SAN FRANCISCO (AP) — Pacific Gas & Electric Corp. is promising to spend more than $2 billion this year to improve wildfire prevention after its equipment was blamed for causing more than 1,500 Northern California wildfires since 2014.

 

Lawyers, industry watchdogs and a federal judge alike wonder: What took so long? They question the utility's sincerity in the face of decades-long record linked to wildfires.

 

The advocacy group The Utility Reform Network and a lawyer representing hundreds of wildfire victims suing PG&E expressed skepticism Thursday after PG&E submitted its proposed safety plan to regulators. Attorney Frank Pitre says PG&E has historically accepted high risks in its electrical operations.

 

PG&E says it isn't waiting for regulatory approval and has already begun implementing enhanced safety measures meant to reduce the number of wildfires.

 

"PG&E fully intends to meet or exceed each of the goals set forth in the plan," company spokesman Jeff Smith said. "We currently have programs up and running throughout our service area designed to perform against the targets listed in the plan."

 

https://news.yahoo.com/critics-ask-took-pg-e-long-wildfire-safety-223030637.html

 

since they have already moved to protect the execs bonus' for 2018 I'm sure they will get right on this soon….kek

 

https://www.sfchronicle.com/business/article/Bankrupt-PG-E-plans-130-million-in-bonuses-for-13573643.php

Anonymous ID: 3252c6 Feb. 8, 2019, 6:16 a.m. No.5078252   🗄️.is 🔗kun

Insider Buy

Luxor Capital Group buys Mindbody Incr MB (ap s/w) on Feb 5,6,7

 

1,976,868 shares for $72,119,771

 

Insider Sale Dolby 10% owner sells DLB

50k shares for $3,262,410 Feb 6th

0 registered shares for sale

 

https://www.finviz.com/insidertrading.ashx?tc=2

Anonymous ID: 3252c6 Feb. 8, 2019, 6:30 a.m. No.5078355   🗄️.is 🔗kun

Phillips 66 quarterly profit beats on higher refining margins

 

Reuters) - U.S. refiner Phillips 66 posted a better-than-expected profit on Friday as access to low-cost crude oil from U.S. shale basins and Canada boosted its refining margins, sending its shares up 5 percent in premarket trading.

 

Tight pipeline capacity in the U.S. shale basins and Canada has pushed the price of crude oil from those regions lower, benefiting Phillips 66 as well as its rivals.

 

The refiner's utilization rate, the percentage of the total equipment or refinery involved in processing crude, touched 99 percent, while refining margins jumped 84 percent to $16.53 per barrel of oil, over the same period a year earlier.

 

https://finance.yahoo.com/news/phillips-66-quarterly-profit-beats-123706590.html

 

Pre market trade

95.20 +3.40 (3.70%)