One group of people who might be dismayed by that level of non-performance will be the shareholders when the 1Q10 earnings reports come out. If EIX doesn't beat the 71 cents/share forecast, coupled with the recent downgrade on Mission Energy bonds, I wouldn't be too surprised to see EIX get a bond downgrade below the current BBB-. Should that downgrade transpire with Shutdown Often Non-Generating Station not in Mode 1, I wouldn't be surprised to see either a new Site VP or a new logo on the hardhats in 2011 
http://finance.yahoo.com/q/bs?s=EIXSegment Results
Southern California Edison's (SCE) GAAP EPS in the reported quarter was 92 cents, compared to $1.53 in the year-ago quarter. Adjusted earnings were 75 cents, compared to 61 cents. The increase in adjusted earnings was due to lower income tax expense and higher authorized revenue to support rate base growth. This was partially offset by a higher operating expense.Put yourself in the Board of Director's shoes. Were it not for a one-time income tax switcheroo, the "adjusted" 2Q10 earnings would have been around 25-30 cents a share. Scarcely enough to cover dividends and bond payments, neither of which can you fool with if you want to keep your Moody's ratings. Every other part of the EIX corporation is earning good money, except for your INPO 4 ship-in-a-bottle on the beach. Reading the
accounting shows that the "Retained Earnings" line swells every quarter to cover money sunk into operating it.
You call the play:
1.
Call in NMC to make you part of the pool and save ya (no longer an option)
2. Decommission (awful thought but bean counters can prove it makes sense on paper now)
3. Bring in smart people from another CE System 80 owner that either purchases or manages for others. Entergy or FPL ?
4. Bite the bullet and hope the current crew self-heals in a timely manner.
5. Immediate Stalinist purge of some slugs and some good folks, and roll the dice on their replacements.
Perhaps a topic for a poll?