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Biden grants PG&E $1 billion to keep Diablo Canyon nuclear plant open



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Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, due to be shutdown in 2024 despite safely producing nearly 15% of the state’s green electrical energy power, is viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California.George Rose | Getty ImagesThe Biden administration on Monday said it’s providing Pacific Gas & Electric Co. with a $1.1 billion grant to help the company prevent the closure of Diablo Canyon, California’s last nuclear power plant.Diablo Canyon was originally scheduled to be decommissioned in two phases in 2024 and 2025, but state lawmakers in September voted to keep it open for five more years. PG&E applied for funding in the Department of Energy’s initial phase of the $6 billion Civil Nuclear Credit program aimed to keep U.S. nuclear power reactors open.The conditional funding, which comes from the bipartis …

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