nuclear-news

San Onofre Nuclear Plant Costs $300 Million

Friday, November 02, 2012

The blackout at the San Onofre nuclear power plant in California has cost close to $317 million, according to the operator of the plant, Southern California Edison. Edison International is the parent company and it said in court records that as of September 30, the bill for inspections and repairs has cost the company $96 million, according to the Associated Press. The plant has not been in service since January, causing power costs to hit $221 million. That is an increase from $117 million from the end of June.

Ted Craver, the Chairman of Edison International, conducted a conference call with Wall Street analysts recently. He said, “It’s not clear at this time if the units can be repaired, and it appears complete replacement of the steam generators would take some years.”

[…]

When four steam generators were overhauled in 2009 and 2010 for a cost of $670 million, damage to alloy tubing occurred. On January 31, the Unit 3 reactor was shut down following a tube break as a safety precaution. Officials at the plant said no danger was imminent for neighbors or workers even though traces of radiation were leaked.

[…]

An investigation by the California Public Utilities Commission was launched recently to determine if ratepayers should shoulder the cost for a plant that has been offline for the better part of a year.

More here

http://www.jdjournal.com/2012/11/02/san-onofre-nuclear-plant-costs-300-million/

November 3, 2012 - Posted by arclight2011 | Uncategorized