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August 27, 2015 8:54 PM ET

Trading Companies and Distributors

Company Overview of Mitsubishi Nuclear Energy Systems Inc.

Company Overview

Mitsubishi Nuclear Energy Systems Inc. supplies nuclear products and services to commercial industries in the nuclear power market. It offers reactor vessel heads and steam generators; and coordinates the construction of nuclear power plants in the United States. The company was founded in 2006 and is based in Arlington, Virginia with an additional office in Texas. Mitsubishi Nuclear Energy Systems Inc. operates as a subsidiary of Mitsubishi Heavy Industries Ltd.

1001 19th Street North

Arlington, VA 22209

United States

Founded in 2006

Phone:

703-908-8040

Fax:

703-908-8041

Key Executives for Mitsubishi Nuclear Energy Systems Inc.

Chief Executive Officer and President
Senior Vice President of Marketing and Business Operations
Chief Executive Director and Director
Executive Vice President
Senior Vice President
Compensation as of Fiscal Year 2015.

Mitsubishi Nuclear Energy Systems Inc. Key Developments

Edison Claims $7.57 Billion Compensation from Mitsubishi for US Nuclear Plant Shutdown

Southern California Edison (SCE) and Edison Material Supply LLC (EMS) have increased compensation claims from Mitsubishi Heavy Industries (MHI) and Mitsubishi Nuclear Energy Systems to $7.57 billion, relating to the shutdown of the San Onofre nuclear facility in California, US. SCE, which is a unit of US-based Edison International, and others had previously sought at least $4 billion through the dispute. Under the compensation claim, SCE alleges that MHI failed to properly design or promptly repair defective steam generators at the San Onofre Nuclear Generating Station (SONGS). Along with three other companies, SCE has filed a complaint supporting the charges before the International Chamber of Commerce (ICC), which is acting as the arbitrator for the issue.

Mitsubishi Heavy Industries Ltd. and Mitsubishi Nuclear Energy Systems Inc. to Defend $4 billion Claim over US Nuke Plant

Southern California Edison and its subsidiary Edison Material Supply are asking for arbitration over the claim against Mitsubishi and its wholly-owned US subsidiary Mitsubishi Nuclear Energy System. The original dispute, first raised in July, reported that SCE had to close San Onofre Nuclear Generating Station because replacement steam generators supplied by Mitsubishi were defective. The arbitration, intended to avoid a court battle, is being sought because the two sides have so far failed to reach agreement. Through the arbitration process, Mitsubishi decided to aggressively defend itself by accurately representing the facts involved and the applicable legal principles. At the same time, Mitsubishi will take actions for its counterclaims because it has been damaged by inappropriate actions by SCE.

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