Calpine Opposes SCE Power Plant Proposal
Southern California Edison’s plan to take over construction of a large power plant in San Bernardino County is larded with goodies for the Rosemead utility that could cost its ratepayers millions of dollars, according to protests filed with federal regulators by Calpine Corp. and other energy suppliers.
SCE wants to build the plant using a subsidiary that would contract with SCE to sell electricity for 30 years. The suppliers said this setup would hand several cost advantages to SCE, including forgiveness of potential cost overruns and delays.
SCE, which has received a green light for the plant from state regulators and is seeking federal approval, has said the power plant, known as Mountainview, would bring its customers relatively cheap and much-needed electricity.
Shares of SCE parent Edison International rose 6 cents to $22.06 on the New York Stock Exchange.
Nancy Rivera Brooks