Edison seeking over $7.5 billion from Mitsubishi Heavy Industries

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Mitsubishi Heavy Industries San Onofre Southern California EdisonSouthern California Edison is seeking nearly $7.6 billion USD from Mitsubishi Heavy Industries (MHI) for the faulty steam generators that led to the decommissioning of the San Onofre Nuclear Power Plant in California in June 2013.

The arbitration is being overseen by the International Chamber of Commerce based in San Francisco.

Edison has raised its claim by $3 billion over its previous claims, but is not certain that it will win the court case.  While increasing the amount of the claim does not influence the legal case, or Edison’s ability to win, it does put more pressure on MHI, who could decide to settle out of court.

Mitsubishi believes that its liability for the development of the steam generators is limited to $137 million and claims that liability was agreed to in the negotiations between the two parties.  A statement released by MHI said, “The allegations and demands made by those parties disregard the history of the contract negotiations and performance are factually incorrect, legally unsound, and inappropriate.”

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