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PG&E charged with 12 criminal counts for fatal 2010 San Bruno blast




The shell of a car sits in the driveway of a burned home near the epicenter of the gas line explosion that devastated a neighborhood near San Francisco International Airport September 24, 2010 in San Bruno, California. Work crews continue to sift through rubble and residents are beginning the process of rebuilding their lives two weeks after the deadly San Bruno gas line explosion that killed seven people and destroyed dozens of homes.
The shell of a car sits in the driveway of a burned home near the epicenter of the gas line explosion that devastated a neighborhood near San Francisco International Airport September 24, 2010 in San Bruno, California. Work crews continue to sift through rubble and residents are beginning the process of rebuilding their lives two weeks after the deadly San Bruno gas line explosion that killed seven people and destroyed dozens of homes.
Justin Sullivan/Getty Images

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On September 9, 2010, a faulty gas pipeline ruptured in the San Francisco suburb of San Bruno, sparking a fireball, which leveled 38 homes, killing 8 people and injuring dozens more.

That pipeline was run by the Pacific Gas and Electric Company. PG&E was indicted yesterday on 12 federal criminal counts.

For more on what this could mean for energy markets and utilities, we're joined by Severin Borenstein, co-director of the Energy Institute at Berkeley's Haas School of Business.