Monday, August 22, 2016

Edison and San Onofre Nuclear Power Plant

Mod: If you ever look at all of the mishmash of costly numbers located at the upper right hand corner of your Edison electric bill, you will notice something there called "nuclear decommissioning charges." This is the cash that gets taken from you to pay for the Edison's catastrophic failures at the San Onofre nuclear power plant. A radioactive mess that will somehow have to be contained for a few centuries. Talk about a gift to future generations. To add insult to injury, according to the Los Angeles Times today, those decommissioning charges that you are so generously paying for might not have been assigned to you in the most aboveboard kind of way. And yes, I am sure you are surprised to hear this.

A tainted settlement on San Onofre closing costs

After the San Onofre nuclear plant shut down unexpectedly in early 2012, regulators approved a deal dividing up the $4.7 billion in closing costs.

The terms of the settlement were worked out by Southern California Edison, which owns 78% of the plant, in negotiation with San Diego Gas & Electric, consumer advocates and environmentalists. They decided that ratepayers would be responsible for most of the bill — $3.3 billion, minus various credits — while the two utilities’ shareholders would pay the rest.

That apparently seemed reasonable to most of the parties at the time, although consumer groups initially wanted investors to pay more of the costs and some smaller stakeholder groups did not agree to the final deal. But the agreement avoided a protracted litigation process that consumer advocates worried could result in a worse outcome for ratepayers if it was influenced by then-PUC President Michael Peevey, a former chief of Edison, who some suspected was not on the side of customers.

That deal seems a lot less reasonable now, in light of troubling information that has emerged since about secret meetings to discuss how costs should be allocated between Peevey and Stephen Pickett, who was then Edison’s executive vice president for external relations. The meetings were held during the year before the deal was made.

Consumer advocates say they might have rejected the settlement terms and pushed harder for utility shareholders to cover more of the cost of decommissioning if they knew at the time about the meetings, which they say gave an unfair negotiating advantage to Edison at the expense of ratepayers. The PUC in May agreed to reopen the settlement and consider whether it ought to be changed.

The secret meetings occurred in March 2013, after the replacement steam generators failed, forcing the plant to close — but before Edison had decided to shut down the plan for good. Peevey and Pickett were both at an energy industry conference in Warsaw at the time. The notes from that meeting, on hotel stationery, appear to lay out possible ways to allocate the costs associated with shutting down the nuclear plant.

Mod: You can read the rest here.

sierramadretattler.vlogspot.com

28 comments:

  1. You play you pay. That statement means absolutely nothing in this situation or does it?

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  2. Thank you for the article.
    Radio active material; I believe the compacted material is carbon 14 (?) Will N E V E R break down. The discussion in science and government was where to place materials. If into the depth of oceans, the food chain would be at risk. Maybe into space outside of the gravity pull.
    Either way the arguments of Nuclear for Energy leaves all involved with harming the planet. Not a supporter of Nuclear Energy ; now I am stuck paying for the destruction of the world with basically no way to fight Big Brother. Wonderful.

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  3. Only in America where a private for profit company that is by law the only electricity provide to certain areas in California can make it's customers pay for their for profit mistakes?

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  4. Nuclear power - such a good idea for perfect human beings who never, ever make mistakes.

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  5. On another note Mr. Mod...AP reported today that Podesta has the same ties to Russia as Trump's. Does that make Hillary a traitor?

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    Replies
    1. I saw that. Big report on Breitbart. AKA the "American Tass."

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  6. No, that just means pay for play.
    Hillary's re-set button pal Putin will share the Oval office with she and her hubby Bill, because in her words; he knows how every thing works.

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  7. BTW Trump just said he would build a wall.....hey, wasn't he supposed to change his tune?
    Jes wonderin???

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  8. So I guess Breitbart is not to be read any longer.

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    1. BB can be read by anyone who wants. Just don;t go pretending what is said there is real news.

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    2. isn't the breitbart guy on the trump payroll like the cnn guy?

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    3. He's on Putin's payroll. Just like Trump.

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    4. 8:41P What do you suggest as "real news."

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    5. Only The Mod said he read it on Breitbart. The first post saw it on AP.

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    6. AP? Anschluss Putin?

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  9. 14,900 newly discovered e-mail from Hillary's stash were just turned over to the State Department. This is real news. Crooked Hillary.

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    1. The Putin loving treason faction never rests.

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    2. Emails show conflict of interest. The emails reveal that the State Department and the Clinton Foundation are tied into all the million dollar speaches both hubby & wife gave. Also revealing the Clintons promised high level employment and stature to those that gave; including Foreign donors. So instead if doing her job as Secretary of State this woman was raking in the bucks and making the pledges to doners that the only work experience needed to work in Washington is to give her cash.
      The Hollywood crowd is throwing her a fundraising party; but the Hollywood crowd is known as the ATM of the Democratic party. Whats Hollywood looking for from the Queen of Dishonesty? No more PG movies; look the other way (wink,wink) Mickey really is immoral? Pay to play.

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    3. So, now that upwards of 50 or 60 thousand e-mails reportedly authored by Hillary in the four years or so she was Secretary of State have been identified, can anyone seriously believe she had time to eat, sleep, or toilette herself? Just how gullible can we perceived to be by the RNC/Trump? Ailes? Breitbart? Conway? Hillary is now reportedly being fitted for a Superwoman costume and will be flying without benefit of jet transport ...

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    4. 10:33AM I find it hard that you find it hard to believe. Do you really think she opened all her e-mail alone? Or wrote it all herself? Perhaps you are the gullible one.

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  10. What makes her 'crooked' again?

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  11. 10:33am. You are in agreement that's she's batty? Bat Woman; she'll fly the World sucking the life's blood (money) from all, and then have her minions erect a monument out of email (air/or in her case, air head).

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  12. New Reuters Poll is out. The race isn't tightening.
    http://polling.reuters.com/#!poll/TM651Y15_DS_13/filters/LIKELY:1/type/smallest/dates/20160710-20160823/collapsed/true/spotlight/1

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  13. AP. Associated Press reported on the fifteen hundred additional and recently released e-mail. Every day it's something with this nefarious woman. Association with her is pushing the Democratic party into support of the party of decite and "we"all don't care what the party represents, were just sheep heading to slaughter.

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    1. Isn't it sad that so-called patriots like 5:20 are now working so hard to promote Putin's propaganda? The two stories have nothing to do with each other, knucklehead.

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  14. Why is 5:20pm so bothered by Putin? You know darn well that Mr. Obama wispered in his ear, that after he was elected everything between the two states would be different. Hillary has sworn she will carry on with all of Obamas agendas; and as far as anyone knows, Putin has paid Hillary to play a role in US policies under her lost email scams
    Prove this statement wrong. Go ahead. Try.

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    Replies
    1. Doesn't really matter. Trump is losing no matter what his Moscow masters are doing. Refresh this site in 2 minutes.

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