"Could Economics Doom Ailing Calif. Nuke Plant?"

"LOS ANGELES - The future of the troubled San Onofre nuclear power plant could balance on an inescapable question: Is it worth the money to fix it?"

"Engineers face a daunting task finding a solution for problems that knocked the seaside plant offline last winter. And even if they come up with a plan that fully addresses safety and operational issues, will it all make sense on a balance sheet?

The twin reactor plant between San Diego and Los Angeles has long been a source of lower-cost power, but its complex and costly mechanical troubles have raised questions that might have seemed unrealistic just months ago.

"Shutting down the plant, at the end of the day, might not be the worst-case scenario for shareholders or customers," says Travis Miller, director of utilities research at equities analyst Morningstar Inc."

Michael R. Blood reports for the Associated Press July 4, 2012.
 

Source: AP, 07/05/2012