Following approval by the California State Legislature, Governor Gavin Newsom has signed Senate Bill 846 into law, seeking to extend operations at Diablo Canyon Power Plant (DCPP) in San Luis Obispo County for five years beyond its current license expiration in 2025. The plant, owned and operated by Pacific Gas and Electric Company (PG&E), would be used to improve statewide energy system reliability and reduce greenhouse gas emissions while additional renewable energy and carbon-free resources come online.
PG&E must now obtain the necessary U.S. Nuclear Regulatory Commission (NRC) licenses, as well as other required state regulatory approvals. The law directs all relevant state agencies and PG&E as the plant operator to act quickly and coordinate on the necessary and prudent actions to extend plant operations.
The state will authorize a loan of up to $1.4 billion to PG&E to support extending operations at the plant. The bill directs PG&E to take ste