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Should Edison Be Allowed To Profit On San Onofre’s Faulty Steam Generators?

Credit: Southern California Edison

Above: The tightly packed steam generator tubes that are at the root of San Onofre's problems

GUEST

Truman Burns, California Public Utility Commission, Division of Ratepayer Advocates

Southern California Edison and San Diego Gas & Electric declined our requests for an interview.

Transcript

Southern California Edison and San Diego Gas and Electric are asking ratepayers to pick up the investment costs in the generators that failed at San Onofre Nuclear Power Plant. They also want more than five percent return on their investment. The California Public Utility Commission's Division of Ratepayer Advocates said there should be no profit.

San Onofre Nuclear Generating Station may be shutdown for good, but that doesn't mean we're finished paying for it.

CPUC Investigation Phase 2

Testimony from Southern California Edison on ratemaking here.

Testimony from San Diego Gas & Electric on ratemaking here and here.

Testimony from the CPUC Division of Ratepayer Advocates on ratemaking here.

David McNew

The San Onofre Nuclear Generating Station at San Onofre State Beach in a 2012 photo.

We recently learned that San Onofre owners, Southern California Edison and San Diego Gas and Electric, are asking to pass along the cost of investment in the faulty steam generators -- plus more than five percent return on their investment -- to ratepayers.

The combined amount being sought by the utilities is reportedly more than $3 billion.

The California Public Utilities Commission has been taking testimony on the utilities revenue requests, and they've been hearing a very different opinion about who should pay for the San Onofre breakdown from the CPUC's Division of Ratepayer advocates.

The California Public Utilities Commission will hold public participation hearings on phase two of the investigation in San Diego on Tuesday, Oct. 1 from 2 - 5 p.m. and 6:30 - 9:30 p.m. at the Al Bahr Shriners Building on Kearny Mesa Road.

The Nuclear Regulatory Commission will hold a public meeting on Sept. 26 in Carlsbad. That meeting will focus on the nuclear power reactor decommissioning process.

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