Summary
Edison International's subsidiary, Southern California Edison Company, announced on November 20, 2014, that the California Public Utilities Commission (CPUC) has approved the settlement for the San Onofre Nuclear Generating Station Units 2 and 3 Order Instituting Investigation (OII) proceeding. This approval does not alter the terms of the previously summarized Amended OII Settlement Agreement, which was detailed in an 8-K filing on September 24, 2014. The company views this as a resolution to a significant regulatory matter impacting its operations and financial outlook. Investors should note that the information provided in this release is considered furnished under Regulation FD and is not deemed 'filed' for purposes of securities law, nor incorporated by reference into other filings.
Key Highlights
- 1CPUC approval of the San Onofre OII settlement obtained.
- 2The approved settlement terms are consistent with the Amended OII Settlement Agreement previously filed.
- 3This marks a resolution for the regulatory proceeding concerning the San Onofre Nuclear Generating Station.
- 4The settlement agreement remains unchanged by the CPUC's approval.
- 5The press release was issued by Southern California Edison Company, a subsidiary of Edison International.