San Onofre Nuclear Generating Station Arbitration
First written in FY2016. 1 of 4 entries say "Materialised", first in FY2017. Latest entry: FY2019.
No other company in this theme has enough history to compare yet.
- FY2019DroppedAnnual reportThe San Onofre Nuclear Generating Station arbitration could not be identified as a separately reported matter among the material litigation and arbitration described in this filing.
- FY2017MaterialisedAnnual report
「On 14 March 2017, the company and Mitsubishi Nuclear Energy Systems received an arbitral award from the International Chamber of Commerce (ICC), the arbitration institution for this matter. …The award ordered the company and Mitsubishi Nuclear Energy Systems to pay US$125 million. It also rejected most of the allegations by SCE and the other parties, including fraud and gross negligence by the company and Mitsubishi Nuclear Energy Systems, and ordered SCE and the other parties to pay US$58 million in the company’s and Mitsubishi Nuclear Energy Systems’ arbitration costs.」
The San Onofre arbitration was decided, resulting in an order to pay US$125 million, subject to the liability cap, and receipt of US$58 million in arbitration costs. - FY2017-Q1Update and reduction in the claim amountAnnual report
「As of 15 July 2016, the claim amount in the arbitration was US$6.667 billion. The company and Mitsubishi Nuclear Energy Systems did not agree with the claim or allegations brought by the claimants and stated that they would assert the validity of their position through the arbitration.」
The arbitration claim amount was updated from the previously stated US$7.57 billion to US$6.667 billion. The company maintained its position that it did not agree with the claim or allegations. - FY2016First statedAnnual report
「On 16 October 2013, the company and Mitsubishi Nuclear Energy Systems, Inc. were subject to arbitration proceedings seeking damages from Southern California Edison Company and Edison Material Supply LLC of the United States, which were later joined by San Diego Gas & Electric Company and the City of Riverside, on the grounds that the company and Mitsubishi Nuclear Energy Systems had breached contractual obligations under a contract to supply replacement steam generators for the San Onofre Nuclear Generating Station in the United States.」
The claim amount was stated as US$7.57 billion as of 23 October 2015, and the company stated that it did not agree with the claims or allegations.