Finance Highlights 2011 1202 - Laserfiche WebLink

Home

• the physical design and characteristics of the pipe segment. PG &E has also indicated that it considers the proximity of its natural gas transmission pipelines to high density populations, potential reliability impacts and environmentally sensitive areas, and uses the data it collects to help plan and prioritize future work. Based on all of these factors, PG &E determines which segments warrant further evaluation, monitoring or other future action. PG &E has created a list of the "Top 100" segments to help inform future work plans (although it should be noted that the pipeline that caused the explosion in the City of San Bruno was not on the Top 100 list). As conditions change from year to year, PG &E reevaluates the segments included on the list. This list can be found on PG &E's website at: http: / /www.pge.com. A pipeline segment may be placed into planning for further study and long -range planning based upon its risk for one of five factors: • Potential for Third -Party Damage, • Potential for Corrosion, • Potential for Ground Movement, • Physical Design and Characteristics, and • Overall (did not score high in any one factor of the above factors, but scored moderately high in more than one factor). As noted above, additional information may be found on PG &E's website, specifically at http: / /www.pge.com. None of the natural gas transmission pipelines on the PG &E Top 100 list are located within the City. However, as noted above, the pipeline that caused the explosion in the City of San Bruno was not on the Top 100 list. The City is not able to independently confirm the information set forth above or the information contained on the PG &E website with respect to PG &E's pipelines, and can provide no assurances as to its accuracy or completeness. Further, the City can provide no assurances as to the condition of PG &E pipelines in the City, or predict the extent of the damage to the surrounding property that would occur if a PG &E pipeline located within the City were to explode. Hazardous Substances Discovery of hazardous substances on parcels within the City could impact the City's ability to pay debt service with respect to the Bonds. In general, the owners and operators of a property may be required by law to remedy conditions of the property relating to releases or threatened releases of hazardous substances. The Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, sometimes referred to as "CERCLA" or the "Superfund Act" is the most well known and widely applicable of these laws, but California laws with regard to hazardous substances are also 17