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BUSINESS BEAT : Edison wins tiny fraction of amount sought in suit

Mar 14, 2017 - Los Angeles Times

A three-member arbitration panel Monday awarded Southern California utilities just $125 million in a multibillion-dollar lawsuit against a contractor for supplying faulty steam generators at the San Onofre nuclear plant.

Southern California Edison and its partners had sought $7.6 billion from Tokyo-based Mitsubishi Heavy Industries for delivering equipment that ultimately led to the permanent closure of the nuclear facility in 2013. Half the money that Edison had hoped to collect would hav...