"California Gov. Gavin Newsom is proposing to loan PG&E $1.4 billion to extend the life of Diablo Canyon nuclear power plant north of Avila Beach.

The draft legislation — which would be attached to the state’s budget as a trailer bill — would help extend the power plant’s operations for an additional five to 10 years beyond its scheduled shutdown dates in 2024 and 2025. The forgivable loan, if authorized, would be lent by the state’s Department of Water Resources.

Diablo Canyon — California’s last remaining nuclear power plant — generates about 8.6% of the state’s total electricity supply, according to the Governor’s Office."

Mackenzie Shuman and Lindsey Holden report for the San Luis Obispo Tribune August 12, 2022. [2]

SEE ALSO:

"California Could Lend PG&E $1.4 Billion To Save Diablo Canyon Nuclear Plant" (Los Angeles Times) [3]