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Congressman suggests Southern California Edison may have violated federal securities laws

 

Last updated 2/21/2013 at Noon



ROSEMEAD - (WIRE SERVICE) A congressman suggested today that Southern California Edison may have violated federal securities laws by withholding from investors information on steam generators at the idled San Onofre Nuclear Generating Station in northern San Diego County.

Rep. Edward Markey, D-Mass., raised the allegations in a letter to Elisse Walter, chairwoman of the Securities and Exchange Commission.

Markey said Edison's prior knowledge of design flaws in steam generators installed in 2009 and 2010 and decision ''against making recommended safety modifications'' was a material fact t...



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