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California Law Directs $85 Million For Community Support From Nuclear Plant Closure, Requires Carbon-Free Replacement

California Gov. Jerry Brown, a Democrat, signed legislation on Sept. 19 that directs the state public utilities commission to authorize full funding for the community mitigation settlement and employee retention programs that Pacific Gas and Electric Company proposed in its initial application seeking approval to retire the Diablo Canyon nuclear power plant. In January, the commission approved the closure of the plant in 2025 after its operating licenses expire as the plant has become uneconomical to operate. The commission authorized $222 million for employee retention, less than the company’s request of $350 million. The company’s request for $85 million for community impact mitigation was denied citing lack of legislative authorization. The legislation also requires that resource procurement plans to replace the plant’s retired capacity should not increase greenhouse gas emissions.

September 19, 2018
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