California utility in talks over closed-nuke costs

Michael R. Blood, Associated Press

LOS ANGELES (AP) — Settlement talks are underway to decide who pays the huge bill tied to the shuttered San Onofre nuclear power plant on the Southern California coast.

The costs at issue could exceed $3 billion.

Edison International — the parent of operator Southern California Edison — disclosed in a government filing Friday that a meeting would be held next week to discuss a possible deal.

The question has been who pays for costs from replacement power to investment in the now-closed reactors — ratepayers or company shareholders.

The twin-domed plant was closed permanently last year after a long fight over whether it was safe to restart.

San Onofre hadn't produced power since January 2012, after a small radiation leak led to the discovery of extensive damage to tubing that carried radioactive water.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs