Boss at ailing Calif. nuke plant made $2M in 2012

Published on NewsOK Modified: March 15, 2013 at 7:26 pm •  Published: March 15, 2013
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LOS ANGELES (AP) — The top executive overseeing the troubled San Onofre nuclear power plant on the California coast received compensation valued at nearly $2 million last year, according to a regulatory filing released Friday.

The seaside reactors between San Diego and Los Angeles haven't produced electricity since January 2012, when a tiny radiation leak led to the discovery of damage to hundreds of tubes that carry radioactive water.

Documents filed with the Securities and Exchange Commission show that the base salary for Southern California Edison's chief nuclear officer, Peter Dietrich, climbed to $461,000 last year — a 6 percent boost over 2011.

Dietrich, who also holds the title of SCE's senior vice president, saw his stock awards and options each jump 28 percent in 2012 compared with the previous year, according to an Associated Press review of the company's filing.

However, Dietrich's total compensation dipped slightly in 2012, to just over $1.9 million, from the prior year when he received an additional award of $350,000 as part of an employment package.

Charles Coleman, a spokesman for SCE's parent, Edison International, said Dietrich's compensation is roughly split between ratepayer and shareholder funds.

The San Onofre plant is owned by SCE, San Diego Gas & Electric and the city of Riverside.