Here's something you might be interested in.
The Nuclear Regulatory Commission has issued a notice of non-conformance to Mitsubishi Heavy Industries, manufacturer of steam generators at the now-closed San Onofre nuclear plant. The regulatory commission has given a similar warning to Southern California Edison, the utility that owns most of San Onofre. The regulator says Edison failed to identify faulty steam generators.
Meanwhile, Edison and Mitsubishi continue to point fingers at each other. Edison blames Mitsubishi for faulty tube design. Mitsubishi denies that, and says Edison increased the output of its steam generators -- essentially running the horse too hard.
Wall Street doesn't seem concerned. Edison stock has risen from $45 to $47 this month. The Street probably expects that when all is said and done, Edison and San Diego Gas & Electric customers will get stuck with the bulk of the bill.
The Nuclear Regulatory Commission has issued a notice of non-conformance to Mitsubishi Heavy Industries, manufacturer of steam generators at the now-closed San Onofre nuclear plant. The regulatory commission has given a similar warning to Southern California Edison, the utility that owns most of San Onofre. The regulator says Edison failed to identify faulty steam generators.
Meanwhile, Edison and Mitsubishi continue to point fingers at each other. Edison blames Mitsubishi for faulty tube design. Mitsubishi denies that, and says Edison increased the output of its steam generators -- essentially running the horse too hard.
Wall Street doesn't seem concerned. Edison stock has risen from $45 to $47 this month. The Street probably expects that when all is said and done, Edison and San Diego Gas & Electric customers will get stuck with the bulk of the bill.