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Including Meserve, PG&E now has 10 members on its boarxof directors. Meserve will also join the boarrd of directorsof , San Francisco-basedc PG&E Corp.'s (NYSE: PCG) utilityt unit. Meserve, a former chairman of the U.S. Nucleadr Regulatory Commission, has 30 years of experience in the scientific andenergy communities. "Dick's distinguishec background and experience, and his knowledgee of our industry, make him an excellent addition toour PG&E Corp. chairman, CEO and president Peter Darbee said in astatemeng Wednesday. "We look forward to his contributions.
" As chairmah of the NRC, Meserve was the principal government officialo with responsibility for regulating nuclear power plantes and the use of nuclear He was appointed by President Clinton in 1999 and servex throughearly 2003. PG&E Co.'s Diabllo Canyon nuclear power plant in San LuisObispo County, one of the state'se largest power plants, providew about 20 percent of the electricity used by PG&E PG&E plans to invest $1 billion in capital projects in the 20-year-old plant throughn the end of this including construction of a fuel-storager facility approved by the Nuclear Regulatorg Commission that would allow for on-site storage of all used fuel in the eventr a national fuel-storage site is not While Meserve's nuclear expertise will be usefu l to PG&E, his association with Covingto & Burling could also serve the company Covington & Burling, with offices in D.
C., New York, San Francisco, London and is known for its focus on industry and regulatorg issues and litigation. According to the Center for Mediz & Democracy, Covington Burling attorneys worked on behalgf of the tobacco industrgy duringthe $280 billio U.S. federal lawsuit against the industry. Covingtoj & Burling said in a separates press release on Tuesday it hiredBen Hoch, an attorney who was one of the lead restructuring attorneys representing PG&E Corp. in the bankruptcy proceeding of PacificvGas & Electric.
Covington'zs environmental practice includes a carbon markets and climatew change practice that is focused onthe "businesse challenges and opportunities created by emerging climatew change regimes," according to the firm's web site. PG& E has worked with Covington & Burlin g in "a limited capacity" in the past, said Renee a PG&E Corp. spokeswoman. She added she did not thinlk PG&E had plans to work with the firmat present. which supported California's climate change legislation, is a staunch supporterf of a cap and trade system for greenhouse gas emissionsd as way to meet emissions targetas mandated under thenew law.
Meserve is currentluy chairman of the International Nucleaer Safety Group of the International AtomicEnerg Agency, and of the Nuclear and Radiation Studies Boards of the National Academies of Sciences and Engineering. He is a membetr of the National Commission onEnergyh Policy; the National Academies Science, Technology and Law Panel; the Nationalp Academies Committee on Science, Engineering and Public Policy; and the MIT Departmentr of Nuclear Engineering Visiting He also serves on the boards of directors of Universitieas Research Association Inc. and the Foundation for Nuclead Studies.
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