Subject: SAN ONOFRE SETTLEMENT
PRESS RELEASE — FOR IMMEDIATE RELEASE
Coalition to Decommission San Onofre
Contact: Ray Lutz, 619-820-5321, firstname.lastname@example.org
EDISON & SDG&E PROPOSE SETTLEMENT AGREEMENT ON SAN ONOFRE OUTAGE
San Francisco (2014-03-27) — A settlement conference was called by Southern California Edison, SDG&E and leading ratepayer advocates, the Office of Ratepayer Advocacy (ORA) and The Utility Reform Network (TURN). Those parties worked for the past several months behind closed doors to craft an agreement which was exposed today. The conference was at 10 am but the actual settlement was confidential until after the close of the markets today at 4pm ET, and a release by Edison on their website, which you can see in their SCE 8K filing listed on this page for March 27, 2014. Other parties of the proceeding attended and reviewed the settlement, and were encouraged to ask detailed questions about it.
In a nutshell, the settlement benefits ratepayers by about $1.4 billion savings over what Edison had originally asked for in the investigation. Key points are: Continue reading