EIX Edison International

Settlement Announced in Suit Challenging Nuclear Fuel Storage at San Onofre

The parties in a lawsuit challenging the permit which allows for temporary storage of used nuclear fuel at the San Onofre nuclear plant have settled the case and will not proceed to hearing on Sept. 8, as scheduled.

In a filing today with a San Diego Superior Court judge, the parties acknowledge a shared interest in relocating San Onofre’s used nuclear fuel to an off-site facility. The parties to the settlement are Southern California Edison, majority owner of San Onofre, and plaintiffs, Citizens Oversight, Inc. and Patricia Borchmann, represented by attorneys Michael Aguirre and Maria Severson. The California Coastal Commission, which issued the permit in 2015 authorizing expansion of on-site storage of used nuclear fuel, is the defendant in the suit.

The settlement agreement details multiple steps SCE will take in support of its efforts to move San Onofre’s used nuclear to an off-site location. In light of SCE’s commitments, plaintiffs have requested a dismissal of the lawsuit. Here is a summary of the settlement.

“A cooperative effort between the public, independent experts and Southern California Edison has begun and will continue until the nuclear waste is removed from San Diego,” said Aguirre. “We are thankful SCE worked hard to reach this common goal,” added Severson.

“The agreement plots a prudent strategy in furtherance of the goal of moving the fuel sooner than later,” said Ray Lutz of Citizens Oversight.

“SCE is proud to take a leadership role in what we expect will become an industry-wide effort over many years to work with the federal government and other key stakeholders to achieve off-site storage,” said Ron Nichols, president of SCE. “We will be vigilant in our efforts to prompt the federal government to act, and until we can secure off-site storage, will continue our 30-year track record of safely storing used fuel at San Onofre.”

The suit was filed in November 2015 after the coastal commission granted SCE’s permit to expand on-site storage of used nuclear fuel at San Onofre. One-third of San Onofre’s used fuel is currently in dry cask storage and the remaining two-thirds is stored in steel-lined concrete pools. In order to facilitate the safe decommissioning of the plant, SCE plans to move the fuel from the pools into dry storage by 2019, where it would remain until an off-site storage facility is available.

For more information about San Onofre, 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 nearly 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

EN
28/08/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Edison International

Edison International: 1 director

A director at Edison International sold 11,900 shares at 54.417USD and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

 PRESS RELEASE

DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of ...

NEW YORK--(BUSINESS WIRE)-- , a leading national securities law firm, is investigating potential claims against Edison International (“Edison” or the “Company”) (NYSE: EIX) and reminds investors of the April 14, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See . As detailed below, the complaint...

Edison International and Southern California Edison Company: Wildfire ...

Legislation and reforms enacted in 2018 and 2019 should help protect utility credit quality, although the size and scale of the Eaton fire could stress these provisions.

Edison International: Update to credit analysis

Our credit view of this issuer reflects its stable, regulated T&D operations and regulatory transparency, offset by california's ambitious public policy goals.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch