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4-Traders Homepage  >  Equities  >  Nyse MKT  >  Southern California Edison Co.    SCE.PRE

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Mitsubishi Heavy Industries : to pay damages for faulty U.S. nuclear plant parts

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03/18/2017 | 07:04am CET

Mitsubishi Heavy Industries Ltd. will pay USD 125 million in damages for selling defective steam generators used at a U.S. nuclear plant, a utility involved said Monday.

Southern California Edison, one of the three owners of San Onofre nuclear plant in California, used the Japanese company's steam generators that malfunctioned and forced the plant to be decommissioned.

The damages payment was ordered by the International Chamber of Commerce's Court of Arbitration in Paris.

(c) 2017 Philippines News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Kevin M. Payne Chief Executive Officer & Director
Ronald Owen Nichols President
William M. Petmecky Chief Financial Officer & Senior Vice President
Richard T. Schlosberg Director
Vanessa C. L. Chang Director
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