En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Mitsubishi expects ruling on San Onofre nuclear plant claim by end March-CEO

 


TOKYO
Petroleumworld.com 02 02 2017

Japan's Mitsubishi Heavy Industries Ltd (MHI) expects arbitrators to rule by the end of March on a compensation claim related to the shutdown of California's San Onofre nuclear plant brought by a unit of Edison International.

"I have a feeling the ruling will come by the end of the current fiscal year," said MHI President and Chief Operating Officer Shunichi Miyanaga, speaking at a briefing in Tokyo on Thursday after the company released its third-quarter results. MHI's business year ends on Mar. 31.

The dispute is being arbitrated by the International Chamber of Commerce.

Southern California Edison (SCE) is seeking as much as $7.6 billion, accusing MHI of contract violations for failing to properly design or quickly repair two steam generators it built for the utility's now-closed San Onofre nuclear plant.

One of the steam generators, which came with a 20-year warranty, experienced a small radioactive coolant leak after a year, forcing SCE to take the plant off-line in early 2012.

MHI has maintained that its contractual liability on the matter is limited to up to $137 million.



Reporting by Kentaro Hamada; Writing by Tim Kelly; Editing by Kenneth Maxwell from Reuters

We invite all our readers to share with us
their views and comments about this article
.


Write to editor@petroleumworld.com


By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:P.Ohep F. /Producer - Publisher:P.Ohep F./
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2016, Petroleumworld   / Elio Ohep Fitzgerald- All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.