Clean Power Professionals Group
This special interest group is for professionals to connect and discuss all types of carbon-free power alternatives, including nuclear, renewable, tidal and more.
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PG&E Would Take $1 Billion Hit For Closing Diablo Canyon Under Democrats' Proposed Energy Plan
"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."
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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."
PG&E Would Take $1 Billion Hit For Closing Diablo Canyon Under Democrats' Proposed Energy Plan
California policymakers committed to shuttering Diablo Canyon need to account for potential CEPP penalties and federal payments.
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