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Article: Pacific Gas and Electric Company and City and County of San Francisco Reach Tentative Settlement On December 8th Claim.
- Article from:
- Business Wire
- Article date:
- December 8, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO--(BUSINESS WIRE)--Dec. 7, 1999--
Pacific Gas and Electric Company and San Francisco City Attorney Louise Renne today announced a $1.1 million tentative settlement for economic losses sustained by the city as a result of the Dec. 8, 1998, power outage.
According to the terms of the tentative settlement, Pacific Gas and Electric Company officials will meet with city engineers to discuss long-term reliability issues in San Francisco. The tentative settlement is subject to approval by the Board of Supervisors.
"The settlement represents fair compensation for San Francisco's economic losses," said Renne. "Just as important, it allows ...