Newsom Introduces Bill to Keep Diablo Canyon Nuclear Power Plant Open

Proposed bill would keep the plant open for 5 to 10 years, provide funding through a forgivable loan, and streamline regulatory approval of an extension.

California Governor Gavin Newsom presented draft legislation that includes an extension of the 2,250 MW Diablo Canyon nuclear power plant by 10 years to 2035. The extension would authorize a forgivable $1.4 billion loan for plant owner Pacific Gas & Electric (PG&E) and streamline environmental reviews. The plant is the largest power source in California…