https://en.wikipedia.org/wiki/San_Bruno_pipeline_explosion
> On January 13, 2012, an independent audit from the State of California issued a report stating that PG&E had illegally diverted over $100 million from a fund used for safety operations, and instead used it for executive compensation and bonuses.
This while charging unbelievably high rates for some of the worst reliability rates I have ever seen anywhere in the US.