- Sep 30, 2021 5:38 am GMT
"Congressional Democrats have proposed a Clean Energy Performance Program (CEPP) as a key part of the climate change mitigation measures in their budget reconciliation bill. In principle, the program as designed would encourage the accelerated deployment of low-carbon electricity generation. Less discussed has been the potential for the CEPP to prevent existing low-carbon facilities, like the nation’s nuclear power plants, from closing prematurely."
If Diablo’s two units are retired in 2024 and 2025 and its generation is replaced entirely by natural gas, PG&E’s clean generation would decline from 89% in 2023 to 67.2% in 2024 and 46% in 2025. This would result in penalties of approximately $600 million across the two years over which Diablo is retired, and total penalties of $1 billion by 2030, as continued penalties of missing the 4% growth target are imposed until PG&E brings clean energy generation back up to its baseline levels."
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