PG&E sets up $100 million fund to help San Bruno

SAN BRUNO — Pacific Gas and Electric Co. says it has set aside up to $100 million to help San Bruno, California residents recover from last week's natural gas pipeline explosion.

The utility said Monday it will help residents with immediate cash payments and pay for costs that aren't covered by insurance. Residents will get $15,000, $25,000 or $50,000 depending on the damage to their homes.

PG&E says residents won't be asked to waive legal claims to get the money.

The utility also says it will pay the city of San Bruno for the cost of responding to the disaster and repairing damage. The city got $3 million on Monday.

Thursday's blast and fire destroyed nearly 50 homes and damaged dozens more. Four people were killed, four remain missing and at least 60 were injured.

Copyright 2010 The Associated Press.