CPUC Proposes $1.3B Credit Deal Over Nuke Plant Shutdown

By Kat Greene (October 10, 2014, 6:36 PM EDT) -- The California Public Utilities Commission on Friday pitched a settlement that would pay out $1.3 billion in customer credits and refunds for the shutdown of the San Onofre Nuclear Generating Station after it leaked low-level radiation.

The deal, which still needs commissioner approval, would block San Diego Gas & Electric and Southern California Edison from collecting replacement fees for the plant's steam generator in its rates to customers and return all the steam generator costs that were collected by the companies after January 2012, according to the proposal issued Friday.

Energy consumers will pay about $3.3 billion in costs over the...

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