Lawmakers approve $1.4 billion loan to PG&E to keep Diablo Canyon nuclear plant open | app

Brandon A. Hood September 1, 2022 Swiss loans Comments Off on Lawmakers approve $1.4 billion loan to PG&E to keep Diablo Canyon nuclear plant open | app 15 Views

SACRAMENTO, Calif. — California lawmakers voted to keep the Diablo Canyon nuclear plant open for five more years, ultimately siding with Governor Gavin Newsom’s controversial call to loan PG&E up to $1.4 billion. dollars and cancel plans to shut down the facility.

PG&E agreed six years ago to close the plant in 2025 in part because of safety concerns in the event of a major earthquake along fault lines near the San Luis Obispo County coastal site and as Environmental groups were pressuring the state to do more to meet its renewable energy. Goals.

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