Campaign for Safe Energy

Southern California Edison wants their customers to pay a whopping $2.4 billion for the closed San Onofre nuclear power plant. But Consumers shouldn’t pay for Edison’s multi-million dollar mistakes, they should.

SAN ONOFRE CLOSED, RATEPAYERS STILL AT RISK

On June 7, 2013 Southern California Edison (SCE) announced that it will permanently retire its San Onofre nuclear power plant. This announcement concluded the saga of the failed multimillion-dollar upgrade project designed to extend the life of California’s largest nuclear power plant.

Now Edison’s management and shareholders are hoping that the California Public Utilities Commission (PUC)—the overseeing regulator—will sign off on a ratepayer-funded bailout for its mistakes and mismanagement. Edison is looking to collect from their customers a whopping $2.4 billion for the closed San Onofre nuclear power plant. [1] That’s an average cost of $490 for each customer to pay for a closed plant! [2]

The PUC is investigating the San Onofre debacle, but one thing is already crystal clear: It is Edison, not ratepayers, which should bear the costs of its mistakes.

Last October, when the PUC held a public hearing on the closure of the San Onofre power plant and considered refunds or reductions for ratepayers, CALPIRG was there to send a clear message that “asking ratepayers to foot the bill for a corporation’s mismanagement is unacceptable.”

So far, nearly 1,400 CALPIRG members have voiced their objection to Edison's demands, and the PUC is showing signs that they're listening. In November, PUC staff proposed to refund customers for nearly $94 million in unreasonable and unnecessary changes. But this was only the first in a series of decisions that the Commission will make - so that's why we need to keep up the pressure and make sure ratepayers aren't kept on the hook for Edison's mistakes.

Tell regulators to protect ratepayers, and hold Edison accountable for their mistakes at the San Onofre nuclear power plant.

 

[1] “Edison Wants $2.4 Billion from Ratepayers for San Onofre”, Ronald Campbell, Orange County Register, September 4, 2013.

[2] Decommissioning San Onofre Nuclear Generating Station Fact Sheet, SCE Fact Sheet, June 12, 2013

 

 

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