SCE Asks State Regulator to Affirm San Onofre Nuclear Plant Settlement
August 15 2017 - 1:32PM
Business Wire
Southern California Edison today notified the California Public
Utilities Commission that the parties in the San Onofre nuclear
plant closure settlement were unable to reach agreement on possible
changes to the settlement unanimously approved by the CPUC in
2014.
SCE urged the commission to affirm the existing settlement of
issues related to the premature retirement of San Onofre in 2013
and bring closure to this protracted proceeding.
“The settlement is appropriate and should stand,” said SCE
President Ron Nichols. “It ensured our customers do not pay for the
faulty steam generators from the time they failed and the plant was
no longer providing power.” The settlement also significantly
reduced the portion SCE customers are paying in their monthly bills
for past investments to build and maintain San Onofre over the 30
years the plant provided safe, reliable and low-cost power.
“Based on our new economic analysis, customers are paying about
$760 million less in their bills than they would have if San Onofre
continued to operate through the end of its license in 2022,”
Nichols added. He said the analysis reflects the dramatic and
sustained drop in energy market prices the past four years that has
affected the economics of many U.S. nuclear reactors.
SCE’s filing today was in response to an order last December by
a commissioner and commission administrative law judge that the
settlement parties and other parties to the San Onofre proceeding
meet and consider changes to the agreement. The parties met three
times directly and then four times with a mediator, and
additionally talked by phone multiple times, but were unable to
agree on changes to the settlement that allocated San Onofre
closure costs between utility investors and customers.
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/20170815006024/en/
Southern California EdisonMedia Contact:Maureen Brown, (626)
302-2255orInvestor Relations:Sam Ramraj, (626) 302-2540
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