Stories you shouldn’t miss:
1. A federal grand jury has opened a criminal probe
into the cozy relationship between PG&E and the state agency that was supposed to regulate it — the California Public Utilities Commission (CPUC), the Chron
$ reports. As part of the probe, investigators served search warrants on the homes of former CPUC chair Michael Peevey and ex-PG&E executive Brian Cherry. Previously disclosed emails revealed that Peevey had secretly colluded with Cherry to help PG&E avoid punishment for its pipeline safety negligence.
2. The Bay Area housing market remains red hot, as the median home price in Alameda County reached $690,000 last month
, the Mercury News
$ reports. The median price in Contra Costa County rose to $490,000.
3. Tax proceeds from the sale of real estate have boosted Oakland’s finances. The Trib
$ reports that the city is projecting a budget surplus of about $5 million
by June 30.
4. And the Richmond City Council voted 6-1 to oppose the transport of coal through the city
, the CoCo Times
$ reports. Coal dust emitted from rail cars poses a serious health hazard.