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 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.
- 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
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