CORRECTING and REPLACING Southern California Edison Responds to Ruling on San Onofre Nuclear Plant Settlement
December 14 2016 - 7:17AM
Business Wire
First paragraph, first sentence of the release dated December
14, 2016, at 1:17 a.m. ET/December 13, 2016, at 10:17 p.m. PT, has
been changed to correct an embedded link.
The corrected release reads:
SOUTHERN CALIFORNIA EDISON RESPONDS TO
RULING ON SAN ONOFRE NUCLEAR PLANT SETTLEMENT
Southern California Edison (SCE) is disappointed in a ruling
issued Tuesday by the assigned commissioner and an administrative
law judge at the California Public Utilities Commission directing
that SCE confer with other parties in the San Onofre nuclear plant
proceeding regarding possible changes to the SONGS settlement that
was unanimously approved by the CPUC in 2014.
SCE continues to believe the settlement reflects an appropriate
allocation of costs but will begin preparing to participate in the
process spelled out in the ruling to schedule a meeting and confer
with other parties by Jan. 31.
The settlement of the San Onofre nuclear plant shutdown protects
customer interests by requiring investors to pay for the
replacement steam generators that prompted the closure of San
Onofre in June 2013 from the point that they failed. SCE has
provided or will provide refunds and rate reductions of almost $1.6
billion under the settlement, and this amount may be increased by
recoveries from Mitsubishi Heavy Industries, the supplier of the
defective steam generators.
The previously approved settlement also reduced the amount
residential customers pay in their monthly bills for past
investments to build and maintain San Onofre, which provided safe,
reliable, low-cost power for nearly 30 years.
SCE retired San Onofre in June 2013 and 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 nearly 14 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/20161213006475/en/
Southern California EdisonMedia Contact:Maureen Brown, (626)
302-2255orInvestor Relations Contact:Scott Cunningham, (626)
302-2540
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