Edison Discloses Plan to Spend $1.1 Billion
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Edison International’s Southern California Edison Co. utility expects to spend $1.1 billion to finish construction of an acquired power plant and replace generators at another.
The company disclosed the costs in a filing with the Securities and Exchange Commission.
The utility said it would cost $680 million to replace steam generators at Units 2 and 3 of its San Onofre nuclear plant in San Clemente.
Edison’s share would be $510 million provided other plant partners, which have yet to approve the project, pay their portions of the costs, the company said in the filing.
Shares of Rosemead-based Edison fell 13 cents to $23.52 on the NYSE.
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