California may rescue its last nuclear power plant — and give PG&E millions to do it

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California may rescue its last nuclear power plant — and give PG&E millions to do it
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State lawmakers are considering funding that could save California’s Diablo Canyon nuclear power plant in their bid to avoid power shortages.

: that an applicant not recover “more than 50% of its cost from cost-of-service regulation or regulated contracts.”

But changing the federal rules to accommodate PG&E is a bad idea to longtime critics of nuclear power in California.

“Considering our climate crisis, failing to pass this amendment could lead to the plant’s closure,” the letter said. “That would not only be irresponsible, the consequences could be catastrophic. We are in a rush to decarbonize and hopefully save our planet from the worsening effects of climate change. We categorically believe that shutting down Diablo Canyon in 2025 is at odds with this goal.”

. The bill would grant the water agency the authority to site, construct and operate power facilities wherever it wants, and does not require the agency to comply with existing state or local laws., a method to safely store spent fuel.

While Diablo Canyon is seen as a climate-friendly alternative to advocates of nuclear power in California, opponents cite safety threats and problems storing radioactive waste. And the prospect of keeping it open involves numerous technical, financial and logistical challenges. PG&E would need to reapply for licensing with the federal Nuclear Regulatory Commission, which issues the licenses to keep the plant operating, and would need to receive state and federal approval to do so.

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