» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 38 | NO. 47 | Friday, November 21, 2014

Plan divides billions in closed nuke plant costs

Print | Front Page | Email this story

LOS ANGELES (AP) — California regulators have approved a settlement to divide billions of dollars in costs from the closed San Onofre nuclear power plant.

Consumers will get refunds and credits of about $1.4 billion. But they will pay about $3.3 billion in costs over 10 years, including for power purchased after the plant shut down.

The vote by the California Public Utilities Commission Thursday was 5-0.

At issue has been who should take the financial hit for the plant's premature demise — company shareholders or customers.

San Onofre shut down for good last year after a long fight over whether it was safe to restart.

The settlement stems from negotiations among operator Southern California Edison, minority owner San Diego Gas & Electric Co. and consumer advocates. Critics argued that the deal shortchanged ratepayers.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0