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.