State OKs $4.8B nuke
The San Onofre nuclear power plant , now idle, once produced 20 percent of San Diego's electricity, - K.C. AlfredSouthern California utility customers will pay $3.3 billion of leftover costs at the retired San Onofre Nuclear Generating Station, under a settlement approved Thursday by the California Public Utilities Commission.
The owners of the plant, Southern California Edison and San Diego Gas & Electric, had sought to recover an additional $1.45 billion in costs.
'The agreement provides substantial relief to ratepayers upon adoption by the commission and eliminates the need for a year or more of intense litigation with uncertain outcomes,' the commission wrote.
San Onofre was retired in 2013 because of the rapid degradation of newly installed steam generators.
Several consumer groups objected to objected to settling nuclear plant costs without first delving into Edison's responsibility for the faulty generators.
Edison was cited by the Nuclear Regulatory Commission for failing to properly check the design of the generators. Generator manufacturer Mitsubishi Heavy Industries was cited for flawed computer codes used in the design phase that led to rapid wear and a leak among tubes carrying
Refunds to utility customers for the botched generator replacement will be credited against overruns in electricity commodity costs. Outstanding investments in the plant will be applied to utility bills over the coming decade, with the return on investment reduced to 3 percent.
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