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Environment & Energy Report

PG&E Reaches $3.9 Billion Settlement on Nuclear Plant Closure

Jan. 13, 2020, 7:05 PM

PG&E is proposing to cut the estimated cost for decommissioning the Diablo Canyon nuclear power plant to $3.9 billion from $4.8 billion after reaching a settlement with consumer advocates and other parties.

  • The agreement with groups including The Utility Reform Network, public advocacy office of the California Public Utilities Commission, Alliance for Nuclear Responsibility and the county of San Luis Obispo resolves all disputed issues with the settling parties: regulatory filing
  • PG&E plans to retire both units of its Diablo Canyon nuclear facility in Northern California by 2025
  • Among the cost reductions proposed: $300m related to nuclear waste cooling, $400m...
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