PG&E (NYSE:PCG) Must Perform Systemwide Inspection Says Regulators

Pacific Gas & Electric Co. has been ordered by the California Public Utilities Commission to perform a system wide inspection of its sprawling pipelines, in response to the natural gas explosion which has claimed 7 lives so far, and destroyed 37 homes.

It wasn't clear which particular portions of the pipeline were targeted for inspection, as PG&# has over 42,000 miles of natural gas distribution pipelines and over 5,700 miles of transmission pipelines.

For sure the inspections will include what is called "high priority" areas, which are pipelines going through high-population areas.

The energy company was also told to retain any record in connection with the explosion and work related to the failed pipeline. Specifically identified was work connected to the Milpitas terminal, which was undertaken in September 2010.

Also under scrutiny will be the process PG&E has in place for inspections, along with how much of the designated budget used for inspections is actually spent.

Costs of Pacific Gas (NYSE:PCG) Explosion Adding Up

The damage and loss of life from the explosion of a Pacific Gas & Electric Co. (NYSE:PCG) natural gas line in San Bruno, California, is growing, with the latest death count at four, and people suffering burns now numbering 52. Those numbers are expected to rise as the area is able to be investigated.

The four deaths were confirmed by the San Mateo County coroner's office. Confirmation of the identities of the victims won't be made until they can be compared with dental records.

So far 38 homes have been completely destroyed, with another seven suffering heavy damage. Several other homes have reportedly suffer minor damage.

Among the 52 injured, they suffered from smoke inhalation, burns, among other injuries. Three of the injured were in critical condition as a result of third-degree burns.