Here's something you might be interested in.
Ask a Hipster — Advice you didn't know you needed
Big Screen — Movie commentary
Blurt — Music's inside track
Booze News — San Diego spirits
Classical Music — Immortal beauty
Classifieds — Free and easy
Cover Stories — Front-page features
Drinks All Around — Bartenders' drink recipes
Excerpts — Literary and spiritual excerpts
Feast! — Food & drink reviews
Feature Stories — Local news & stories
Fishing Report — What’s getting hooked from ship and shore
From the Archives — Spotlight on the past
Golden Dreams — Talk of the town
The Gonzo Report — Making the musical scene, or at least reporting from it
Letters — Our inbox
Movies@Home — Local movie buffs share favorites
Movie Reviews — Our critics' picks and pans
Musician Interviews — Up close with local artists
Neighborhood News from Stringers — Hyperlocal news
News Ticker — News & politics
Obermeyer — San Diego politics illustrated
Outdoors — Weekly changes in flora and fauna
Overheard in San Diego — Eavesdropping illustrated
Poetry — The old and the new
Reader Travel — Travel section built by travelers
Reading — The hunt for intellectuals
Roam-O-Rama — SoCal's best hiking/biking trails
San Diego Beer — Inside San Diego suds
SD on the QT — Almost factual news
Sheep and Goats — Places of worship
Special Issues — The best of
Street Style — San Diego streets have style
Surf Diego — Real stories from those braving the waves
Theater — On stage in San Diego this week
Tin Fork — Silver spoon alternative
Under the Radar — Matt Potter's undercover work
Unforgettable — Long-ago San Diego
Unreal Estate — San Diego's priciest pads
Your Week — Daily event picks
Edison calls for arbitration against Mitsubishi over faulty generators at San Onofre
Southern California Edison, operator of the shuttered San Onofre Nuclear Generating Station, has turned to the International Chamber of Commerce to request arbitration to settle a dispute over how much of an estimated $4 billion in losses related to the plant’s premature closing should be absorbed by Mitsubishi Heavy Industries.
The company was fingered last month by the federal Nuclear Regulatory Commission for faulty calculations in designing new steam generators, one of which had a tube burst that led to a small amount of radiation being released into the atmosphere that led to the shutdown, and Edison has taken the offensive in blame-shifting ever since.
Nuclear-safety watchdogs, however, have been arguing since April 2012 that Edison was aware that the new generators constituted a significant redesign as compared to the units they were replacing, and that the company downplayed this information at the time the units were installed in order to avoid a more thorough Nuclear Regulatory Commission review of the replacement plans.
The arbitration request follows a 90-day period of negotiation after Edison filed a notice of dispute, which would have allowed the parties to reach a settlement without resorting to binding arbitration.
“We are taking this step today to ensure that Mitsubishi takes responsibility for providing defective steam generators and to recover, on behalf of our customers, all damages from Mitsubishi for its failures,” said Edison president Ron Litzinger in an October 16 release.
Edison has also been conducting an advertising campaign in its service areas (San Diego is served by San Diego Gas & Electric, a minority owner of the San Onofre plant) arguing that ratepayers should also shoulder some of the burden for the company’s losses on its bad investment.
Investors in Edison International, the parent company of Southern California Edison, seem optimistic about the company’s prospects for shifting the losses from shareholders to other parties — the stock is up over 2 percent since yesterday’s announcement.
Here's something you might be interested in.
Edison calls for arbitration against Mitsubishi over faulty generators at San Onofre
Edison calls for arbitration against Mitsubishi over faulty generators at San Onofre
Southern California Edison, operator of the shuttered San Onofre Nuclear Generating Station, has turned to the International Chamber of Commerce to request arbitration to settle a dispute over how much of an estimated $4 billion in losses related to the plant’s premature closing should be absorbed by Mitsubishi Heavy Industries.
The company was fingered last month by the federal Nuclear Regulatory Commission for faulty calculations in designing new steam generators, one of which had a tube burst that led to a small amount of radiation being released into the atmosphere that led to the shutdown, and Edison has taken the offensive in blame-shifting ever since.
Nuclear-safety watchdogs, however, have been arguing since April 2012 that Edison was aware that the new generators constituted a significant redesign as compared to the units they were replacing, and that the company downplayed this information at the time the units were installed in order to avoid a more thorough Nuclear Regulatory Commission review of the replacement plans.
The arbitration request follows a 90-day period of negotiation after Edison filed a notice of dispute, which would have allowed the parties to reach a settlement without resorting to binding arbitration.
“We are taking this step today to ensure that Mitsubishi takes responsibility for providing defective steam generators and to recover, on behalf of our customers, all damages from Mitsubishi for its failures,” said Edison president Ron Litzinger in an October 16 release.
Edison has also been conducting an advertising campaign in its service areas (San Diego is served by San Diego Gas & Electric, a minority owner of the San Onofre plant) arguing that ratepayers should also shoulder some of the burden for the company’s losses on its bad investment.
Investors in Edison International, the parent company of Southern California Edison, seem optimistic about the company’s prospects for shifting the losses from shareholders to other parties — the stock is up over 2 percent since yesterday’s announcement.
Comments