By Michael Steinberg / Blackrain Press
Monday’s notice that San Onofre’s owners are laying off 730 workers—one third of the workforce—is yet another indication of a nuclear power plant in severe distress.
Both formerly operating reactors have been shut down since January due to revelations that key components called steam generators had rapidly and largely turned into junk. In following months promises of restart from the company have repeatedly been pushed back.
On July 31 Huff Post LA reported that this crisis had cost the plant “at least $165 million” at that point. This figure consisted of “$48 million for inspection and maintenance costs” and $117 million “to buy replacement power.” [Read more…]