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Stock impact report

Novato Mudslide buckles road to Olompali State Park; Impacts PG&E gas lines, nearby aqueduct [CBS News]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
Company Research Source: CBS News
The slide happened in Novato Tuesday evening on Redwood Boulevard next to U.S. Highway 101 and Olompali State Park. It is another example of the sheer power of the weather the Bay Area has been experiencing off and on since late December. Land and mud have shifted, causing part of the road to give way. The most recent storm Tuesday caused major erosion on the hillside, leading to the slide. PG&E along with North Marin Water District crews are actively assessing and deciding options on stabilizing the area. PG&E said the utility has assets in the area, including two underground gas transmission lines. One of the lines was exposed at the top of the mudslide and the second one is buried by the mudslide. The slide also impacted electric transmission and distribution poles in the area. PG&E crews were working to make the necessary repairs. PG&E reported that because they can't visually assess the potential impact of slide on the buried pipeline, operating pressure has been reduc Show less Read more
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