Commission Continues San Onofre Nuclear Plant Settlement Review Process
October 11 2017 - 12:05AM
Business Wire
Southern California Edison will participate in the additional
process ordered today by the California Public Utilities Commission
in a ruling regarding the San Onofre nuclear plant closure
settlement approved in 2014.
Ron Nichols, SCE president, said that today’s ruling does not
invalidate the settlement. The ruling establishes a process to
determine whether the settlement should be changed and, if so, how.
The ruling sets forth an initial expedited schedule with hearings
tentatively scheduled to end in early March and a commission
decision to follow.
“Southern California Edison will actively participate in the
process ordered today,” Nichols said.
The San Onofre settlement was approved by the commission in 2014
following the premature retirement of the nuclear plant.
Nichols noted the settlement ensured that customers did not pay
for the faulty steam generators, which prompted the closure of San
Onofre, from the time this equipment failed. The settlement also
reduced the portion SCE customers pay in their monthly bills for
the past investments to build and maintain San Onofre over the
nearly 30 years the plant provided safe, reliable and low-cost
power.
SCE and plant co-owner, San Diego Gas & Electric, have
already returned more than $2 billion to customers under the 2014
settlement.
SCE retired San Onofre in June 2013 after a contractor provided
faulty steam generators. SCE is focused on safely decommissioning
the nuclear plant, guided by core principles of safety, stewardship
and engagement. SCE has established a Community Engagement Panel to
support those principles. For more information, visit
songscommunity.com.
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California
Edison is one of the nation’s largest electric utilities, serving a
population of approximately 15 million via 5 million customer
accounts in a 50,000-square-mile service area within Central,
Coastal and Southern California.
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version on businesswire.com: http://www.businesswire.com/news/home/20171010006813/en/
Southern California EdisonMedia Contact:Maureen Brown, (626)
302-2255orInvestor Relations:Sam Ramraj, (626) 302-2540
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