PG&E to Receive $1.1 Billion to Keep Diablo Canyon Nuclear Plant Open

The U.S. Department of Energy announced that the Diablo Canyon Power Plant will receive up to $1.1 billion in the first round of funding from the Civil Nuclear Credit (CNC) Program. Units 1 and 2 of the plant were scheduled to be decommissioned in 2024 and in 2025. The final terms of the grant will be negotiated, but the funds will be distributed from 2…