IE Business Daily Business news for the Inland Empire.
Riverside could be forced to pay up to $79 million in connection with the closing of the nuclear power plant in San Onofre in 2013.
However, Riverside officials say they don’t expect the plant’s closing to affect that fee, and other costs related to the closing, according to a report in The Press-Enterprise.
Riverside owned 1.79 percent of the plant when it shut down. It was the only Inland Empire city with an interest in the nuclear plant.
Owners of the former power plant – formally known as San Onofre Nuclear Generating Station – are figuring out how much the long-term shutdown of the plant in San Diego County will cost.
Riverside’s public utility has placed money in a trust that they expect will cover the city’s share of the shutdown cost, the report stated.
The plant used to supply Riverside with 15 percent of its electrical power. Southern California Edison closed the plant for safety reasons.
