Free Market Evaluation - Send us your resume and we will give you free feedback
Allied Irish Bank Sues Citibank for Fraud
Allied Irish Bank Sues Citibank for Fraud
Record-Setting Settlement for Gulf of Mexico Oil Spill
Record-Setting Settlement for Gulf of Mexico Oil Spill
Beck’s Beer Loses False Advertising Suit, Beer Actually Brewed in the U.S.
Beck’s Beer Loses False Advertising Suit, Beer Actually Brewed in th...
General Electric to Sell Most of Its Fleet-Financing Business
General Electric to Sell Most of Its Fleet-Financing Business
Legal Job Listings
Download PDF

San Onofre Nuclear Plant Costs $300 Million View Count: 82

The blackout at the San Onofre nuclear power plant in California has cost close to $317 million, according to the operator of the plant, Southern California Edison. Edison International is the parent company and it said in court records that as of September 30, the bill for inspections and repairs has cost the company $96 million, according to the Associated Press. The plant has not been in service since January, causing power costs to hit $221 million. That is an increase from $117 million from the end of June.

Ted Craver, the Chairman of Edison International, conducted a conference call with Wall Street analysts recently. He said, “It’s not clear at this time if the units can be repaired, and it appears complete replacement of the steam generators would take some years.”

When four steam generators were overhauled in 2009 and 2010 for a cost of $670 million, damage to alloy tubing occurred. On January 31, the Unit 3 reactor was shut down following a tube break as a safety precaution. Officials at the plant said no danger was imminent for neighbors or workers even though traces of radiation were leaked. Earlier in the month, Unit 2 was taken offline for routine maintenance but investigators wound up finding wear on hundreds of tubes.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Investigators then found that tubes in some of the units we so badly corroded that they could fail and ultimately release radiation after tests were performed. In October, the company asked federal regulators if they could reactivate Unit 2 reactor and operate it at reduced power. A decision on this request by the Nuclear Regulatory Commission is not due for a couple of months. Engineers for the company think that the vibration causing the wear on the tubes could be prevented if they operating the unit at reduced power. A decision regarding Unit 3, which is heavily damaged, is not due until the summer months.

An investigation by the California Public Utilities Commission was launched recently to determine if ratepayers should shoulder the cost for a plant that has been offline for the better part of a year.

San Onofre Nuclear Plant Costs $300 Million by

Tagged: , ,

Posted by on November 2, 2012. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Accountant for Law Firm
USA-FL-Pensacola
Cutting-edge law firm seeks experienced Staff Accountant to join their team! This position offers job security, flexibility, work-life balance, and competitive salary. Candidates should have 7 to 1...


Apply now

Related Posts: