An arbitration panel has awarded California utilities $125 million in a lawsuit claiming that Mitsubishi Heavy Industries supplied faulty steam generators that helped lead to the closure of the San Onofre nuclear plant.
But the award announced Monday night was a tiny fraction of the $7.6 billion that Southern California Edison and its partners had sought from the Tokyo-based contractor.
The three-member panel of the San Francisco-based International Chamber of Commerce voted 2-1 for the award.
The utilities had hoped for far more money to help pay down the billions they and their customers owe for the shutdown costs at San Onofre.
The nuclear plant between Los Angeles and San Diego closed in 2012 after the discovery of extensive damage to hundreds of tubes inside virtually new steam generators.
Related:
- Southern California Utility Gets $400M Insurance Settlement over Closed Nuke
- Mitsubishi Says Edison Claims $7.57B over California Nuclear Facility
- Edison Expects 2016 Hearing on $7.57B California Reactor Claim
- San Onofre Nuclear Power Plant in Southern California to Close
Topics Lawsuits California
Was this article valuable?
Here are more articles you may enjoy.
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says 
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
