- Customers of SCE and San Diego Gas & Electric Co. will no longer pay for $775 million in San Onofre-related investments that had not yet been recovered by the utilities under the 2014 settlement. SCE customers' portion of that total reduction is worth roughly $68 per residential customer over the next four years.
- Because the agreement awaits approval by the commission, any amounts collected by the utilities in excess of the $775 million while the proposed settlement is pending will be refunded to customers.
- In addition, the plaintiffs in a federal court lawsuit challenging the commission's approval of the 2014 settlement have agreed to dismiss that case in its entirety following commission approval of the revised settlement announced today.
- SCE will reimburse SDG&E for SDG&E's $151 million share of the $775 million. This provision will not reduce the revised settlement benefits SCE customers receive.
SCE retired San Onofre in June 2013 after a contractor provided faulty steam generators. SCE is focused on safely decommissioning the nuclear plant, guided by core principles of safety, stewardship and engagement. SCE has established a Community Engagement Panel to support those principles. For more information, visit songscommunity.com.About Southern California Edison An Edison International (NYSE:EIX) company, Southern California Edison is one of the nation's largest electric utilities, serving a population of approximately 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.