When you understand what went wrong and why, you will understand why the company should take the hit 100% and not get "funded" for their screw up by the rate payers. This argument is current as of August 2015.
http://acehoffman.blogspot.com/2013/02/new-animation-shows-what-could-happen.html
Illustrated above are the main flow paths for the steam, feedwater, and
reactor coolant through the steam generators and reactor. Mouse over
the steam generator titles to highlight those parts. Mouse or click on
Main Steam Line Break to see what could happen in that scenario. Click
on the U-tubes themselves to view an overlay of typical flow
velocities.Forward and back buttons (triangles) in the box in the upper
left go to three different screens of information and also allow you to
remove most of the labels, insert or remove control rods, and cause a
main steam line break.
Here are some of the things that are illustrated in the Main Steam Line Break:
*MSLB with steam shooting out
*Increased steam flow rate (hard to see but it's there)
*Entire contents of tube barrel turns to steam
*Cascade of tube ruptures with primary coolant flashing to steam as it exits the busted tubes
*Tube parts fly up and away with the highly radioactive steam
*Loose parts rise up from the bottom (again hard to see, but it's there!)
At San Onofre, the new steam generators in both Reactor Unit 2 and Unit 3
experienced enormous amounts of unexpected tube wear. But apparently
only Unit 3 suffered a rhythmic type of tube vibration and damage known
as fluid elastic instability.

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stocks interpretation of the San Onofre Debacle
A quick
background. On a pressurized water reactor PWR, the radioactive water
and steam from the reactor vessel never touches the steam turbine.
They separate the clean side from the contaminated side by use of a
"steam generator" which is more direct engineering terms is a freaking
large heat exchanger.
If there is a hole anywhere in the steam generator, the contaminated water can escape into the clean side.
At San
Onofre, their steam generators were getting old AND they wanted to also
do a power uprate. A power uprate is like taking and old car and
souping it up with nitrous and a blower for instance, and then running
the hell out of it until it blows.
They extorted the local community to get the uprate approved, saying "If regulators did not approve the upgrade, the plant would close,
provoking "very serious problems with the California electric grid.""
So they
designed new steam generators. They lied to the NRC and the public by
stating that it was a "like for like" replacement when it was nothing
of the sort, it was a major redesign. And then they screwed up the
design big time. The pipes in the steam generator were wearing away
30 times faster than they should, and in less than 1 year, some sprang a
leak, after only 1 year many pipes were 90% gone and ready to blow.
Yet the
greedy operators insisted it was safe and that all would be fine if they
would just run at a little lower output. Basically they knew it
wasn't going to last, but just wanted a way to milk the profits for a
few more years even though they knew they were putting the people of San
Diego and every one downwind (that would be all of us) at risk of
nuclear radiation contamination.
Eventually SCE decided to shut down the plant. They did not want to spend ANOTHER $680 M for new steam generators.
Now SCE
is trying to extract $5,000 Million dollars from people who will never
see a single kWH from the plant. All due to SCE's extortion, then
lies, and poor design.
It's an upside down world we live in
PS they got the approval to grab $5 Billion from the ratepayers.