The Tribune, BY STEPHANIE ZAPPELLI SEPTEMBER 30, 2022,
PG&E is preparing for two futures: one in which it closes Diablo Canyon Power Plant in 2025 and another in which it continues operating the nuclear power plant through 2030. "It's not a done deal," PG&E director Tom Jones told the San Luis Obispo County Board of Supervisors on Tuesday. "We're maintaining both tracks." Diablo Canyon was on track to shut down in 2025, but the California State Legislature passed Senate Bill 846 in October.
The bill, which Gov. Gavin Newsom signed into law on Sept. 2, creates resources to keep the power plant near Avila Beach open until 2030. One of those resources is a $1.4 billion grant to the state Department of Water Resources. That department will then loan the money to PG&E.
The utility company will receive a $600 million loan this year, and another $800 million next year if approved by the California legislature, Jones told the Board of Supervisors. PG&E applied for a grant with the U.S. Department of Energy to "back-fill those funds," Jones said.
Even though the state provided PG&E with new support, the utility company has to complete a few more steps to keep the power plant open, Jones said. WHAT'S NEXT FOR DIABLO CANYON? In order to continue operating Diablo Canyon, PG&E must renew the power plant's license to operate with the U.S. Nuclear Regulatory Commission, Jones said. Normally, the federal commission requires a power plant to apply to renew its license five years before it expires..................................................... more https://www.sanluisobispo.com/news/local/environment/article266566596.html
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