LA Weekly

Southern California Edison said it could replace San Onofre's cracking steam generators for $680 million. The California Public Utilities Commission said all right, go ahead, but an administrative law judge for the commission said stick to that figure, and imposed a spending cap. So SCE has decided not to do it. Which means the plant shuts down in 2012. Writes J.A. Savage in the California Energy Circuit:

In a detailed response to the CPUC's proposed decision filed November 21, Edison argued that the decision's cost cap of $680 million "unreasonably limits SCE's recovery of reasonable costs incurred to meet its obligation to serve customers." The utility also calls the cost cap an "unprecedented and unreasonable penalty.

Does SCE mean it? Or, as one source in the story suggests, is the letter a bluff?

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