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Edison International enters $1.4B San Onofre settlement deal

Mar. 28, 2014 8:57 AM ETEdison International (EIX) StockEIXBy: Carl Surran, SA News Editor
  • Electricity customers in Southern California would receive $1.4B in refunds on their bills over the next eight years as part of a proposed settlement between Southern California Edison (NYSE:EIX), San Diego Gas & Electric and ratepayer organizations over the closing of the San Onofre nuclear power plant.
  • San Onofre was shut in early 2012 after a small radioactive leak was discovered in newly installed steam generators, and EIX last year opted for permanent closure and eventual decommissioning.
  • The agreement still needs approval from the California Public Utilities Commission.

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