SACRAMENTO -- Closing the San Onofre nuclear power plant is in the "best interests" of Southern California Edison's 4.9 million customers and those ratepayers should be prepared to pay a portion of the shutdown costs.
That's the message in a public letter published as a full-page advertisement in the Los Angeles Times on Monday.
"If a utility asset must be retired before the end of its expected life, the utility recovers from customers its reasonable investment costs," Edison wrote.
Edison released the public letter because "it was important to make sure our customers know about how the utility business works, and why there is such a thing as 'cost recovery,'" said company President Ron Litzinger.
Those costs, ultimately, will be apportioned by the California Public Utilities Commission.
Critics are wary that Edison may try to assign too much of its costs to ratepayers. In June, the commission's independent Division of Ratepayer Advocates asked the commission to charge Edison's customers only for expenses related to "essential safety and security activities."