Breaking News!!: San Clemente, CA: Southern California Edison decides to permanently retire the San Onofre Nuclear Power Plant.
Southern California Edison has announced early Friday morning to permanently retire the troubled San Onofre Nuclear Power Plant.
Southern California Edison cited continuing uncertainty about when or if San Onofre Nuclear Power Plant might return to service as the cause for their decision.
Edison International Chief Executive Officer Ted Craver said the company concluded that questions over when or if the plant might return to service was not good for customers or investors.
It will take years to retire the units and the company is saying that their top priority will be to ensure a safe, orderly, and compliant retirement of these two reactors.
San Onofre Nuclear Power Plant has been shut down since January 2012.
San Onofre Nuclear Power Plant produced enough power for 1.4 million homes and it is owned by Southern California Edison, San Diego Gas and Electric, and the City of Riverside Utilities Department.