State to reopen $4.7 billion San Onofre deal | WHAT REALLY HAPPENED

State to reopen $4.7 billion San Onofre deal

State utility regulators on Monday reopened the agreement they approved in 2014 that assigned ratepayers the lion’s share of the multibillion-dollar cost for premature shutdown of the failed San Onofre nuclear power plant.

The action represents a significant turnaround for the California Public Utilities Commission, which stood behind the settlement agreement for 18 months amid growing criticism — even from parties to the $4.7 billion deal — that the process and the outcome were stacked against the public and for utility companies.

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