Pacific Gas and Electric Company (PG&E, NYSE:PCG) provided state regulators with a proposal for 2015-17 to maintain and modernize its approximately 6,750 miles of gas transmission pipelines and extensive storage facilities, including testing, inspecting and upgrading the utility's gas infrastructure.
The plan will also meet new state and national safety standards, required of gas pipeline operators.
According to PG&E, the proposal includes:
-- Replacing older pipelines at risk from land movements
-- Testing pipelines for safe operation
-- Controlling corrosion, avoiding underground leaks
-- Installing automated and remotely operated safety valves to quickly turn off gas in case of an emergency
-- Inspecting the interior of pipelines to detect and repair hidden flaws
-- Strengthen levee and water crossings
-- Maintain underground gas storage facilities that help meet demand on cold days
-- Modernize infrastructure control systems, databases, and risk analysis programs
The total cost for the proposal for 2015 would be $1.29 billion, resulting in an increase of $5.23 each month for residential customers.
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