SAN FRANCISCO, Oct. 12, 2012 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) today issued the following statement from Tom Bottorff, senior vice president of regulatory affairs, regarding the California Public Utilities Commission's (CPUC) proposed decision on the company's Pipeline Safety Enhancement Plan (PSEP):

"PG&E is disappointed in the proposed decision by the CPUC to partially fund the critical work needed to meet the state's new and more stringent safety standards. Now is the time to invest in a much-needed next generation of infrastructure upgrades to the state's and PG&E's vast network of gas transmission pipelines. Our proposed plan was designed to be as economical as possible while delivering a much higher level of public safety for decades to come. PG&E remains committed to getting this necessary work completed."

SOURCE Pacific Gas and Electric Company (PG&E)