Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Edison stockholders buoyed by $3 billion San Onofre deal

Nuclear waste to sizzle until 2022

Shares in Edison International, the parent company of San Onofre Nuclear Generating Station operator Southern California Edison, have hit new year-long highs daily since last Friday (March 21), and stock analysts are predicting that Edison will continue to climb in coming days.

The reason for optimism is a meeting with state regulators, scheduled for March 27, in which officials from Edison and minority plant owner San Diego Gas & Electric will meet with the California Public Utilities Commission to discuss who will take responsibility for losses related to the plant's demise, which are expected to top $3 billion.

Sponsored
Sponsored

The utility has long argued that ratepayers, and not Edison shareholders, should bear the burden for the plant's failure, picking up the tab for both early decommissioning (the reactors were expected to operate until at least 2022) as well as costs incurred as a result of the shutdown, such as the purchase of replacement power and a series of lengthy investigations and inspections. Speculation has long existed that California Public Utilities Commission president Michael Peevey, former president of Southern California Edison, leads a board sympathetic to industry concerns.

"We note that [Edison] operates in a supportive regulatory environment of California," notes Zacks Equity Research in a March 24 post. "An amicable settlement of costs and liabilities will lift a major overhang on the stock."

Meanwhile, the first meeting of a citizens panel assembled by Edison to report progress on the decommissioning was held Tuesday night. A major concern expressed by nuclear activists going into the meeting was ongoing storage of nuclear waste at the coastal site. According to a study commissioned by Friends of the Earth, the spent fuel currently being stored on site contains radiation equivalent to 89 times what was released in the 1986 Chernobyl disaster.

The latest copy of the Reader

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Bringing Order to the Christmas Chaos

There is a sense of grandeur in Messiah that period performance mavens miss.

Shares in Edison International, the parent company of San Onofre Nuclear Generating Station operator Southern California Edison, have hit new year-long highs daily since last Friday (March 21), and stock analysts are predicting that Edison will continue to climb in coming days.

The reason for optimism is a meeting with state regulators, scheduled for March 27, in which officials from Edison and minority plant owner San Diego Gas & Electric will meet with the California Public Utilities Commission to discuss who will take responsibility for losses related to the plant's demise, which are expected to top $3 billion.

Sponsored
Sponsored

The utility has long argued that ratepayers, and not Edison shareholders, should bear the burden for the plant's failure, picking up the tab for both early decommissioning (the reactors were expected to operate until at least 2022) as well as costs incurred as a result of the shutdown, such as the purchase of replacement power and a series of lengthy investigations and inspections. Speculation has long existed that California Public Utilities Commission president Michael Peevey, former president of Southern California Edison, leads a board sympathetic to industry concerns.

"We note that [Edison] operates in a supportive regulatory environment of California," notes Zacks Equity Research in a March 24 post. "An amicable settlement of costs and liabilities will lift a major overhang on the stock."

Meanwhile, the first meeting of a citizens panel assembled by Edison to report progress on the decommissioning was held Tuesday night. A major concern expressed by nuclear activists going into the meeting was ongoing storage of nuclear waste at the coastal site. According to a study commissioned by Friends of the Earth, the spent fuel currently being stored on site contains radiation equivalent to 89 times what was released in the 1986 Chernobyl disaster.

Comments
Sponsored

The latest copy of the Reader

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Big kited bluefin on the Red Rooster III

Lake fishing heating up as the weather cools
Next Article

Memories of bonfires amid the pits off Palm

Before it was Ocean View Hills, it was party central
Comments
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
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader