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November 20, 2022

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Joe

Two smart things in one California week. Not sure I can stand much more of this!

The Biden administration on Monday announced preliminary approval to spend up to $1.1 billion to help keep California's last operating nuclear power plant running, even as officials turned down a request for financial aid to restart a closed nuclear plant in Michigan. The Energy Department said it was creating a path forward for the Diablo Canyon Power Plant on California's central coast to remain open, with final terms to be negotiated and finalized. The plant, which had been scheduled to close by 2025, was chosen in the first round of funding for the administration's new civil nuclear credit program, intended to bail out financially distressed owners or operators of nuclear power reactors.

PG&E is taking actions to seek re-licensing while also continuing to plan for the eventual decommissioning of the plant, Hosn said. The seaside plant located midway between Los Angeles and San Francisco produces 9% of the state’s electricity. California Gov. Gavin Newsom has said continued operation of Diablo Canyon beyond 2025 is “critical to ensure statewide energy system reliability” as climate change stresses the energy system.

Read more at: https://www.sacbee.com/news/business/article269044372.html#storylink=cpy

What the heck. It's ONLY 9% of the whole state's juice......

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