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San Onofre Nuclear Plant

Edison awarded $125 million for San Onofre's faulty steam generators

Edison awarded $125 million for San Onofre's faulty steam generators

A three-member arbitration panel on Monday awarded Southern California utilities just $125 million in a multibillion-dollar lawsuit against a contractor for supplying faulty steam generators at the San Onofre nuclear plant.

Southern California Edison and its partners had sought $7.6 billion from Tokyo-based Mitsubishi Heavy Industries for delivering equipment that ultimately led to the permanent closure of the nuclear facility in 2013. Half of the money Edison had hoped to collect would have benefited consumers under a settlement agreement approved by state regulators.

But an arbitration panel of the International Chamber of Commerce in San Francisco voted 2-1 to award just...

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