PG&E Needs $12 Billion To Keep Diablo Canyon Operating; CA Needs Diablo Canyon To Supply Electricity To The State Power Grid

Pacific Gas and Electric Company is seeking close to 12 billion dollars from the California Public Utilities Commission to keep the Diablo Canyon Nuclear Power Plant open.

Diablo Canyon is the only nuclear power plant left in California.

Without it, the State of California would not be able to meet the growing demand for electricity in the state.

Governor Gavin Newsom, a staunch opponent of any type of fossil fuel, supports keeping Diablo Canyon open.

The power plant supplies about 10% of California’s electricity, and sometimes more than that when the sun is not shining and the wind is not blowing.

The demand for electricity is skyrocketing as California pushes toward 2035 when there will be no more new gasoline-powered cars for sale in California.   Motorists will be forced into electric vehicles, which will put further pressure on the state power grid.

Overnight Wednesday night June 12th into Thursday morning June 13th 2024, California was generating just 22% of its electricity from renewable sources, and two-thirds of that was coming from wind.

Battery stored solar power was generating just 1%. Natural gas 25%. Nuclear 10%.  And California was importing 27% of its electricity from other states.

Three money bags and stacks of money on white with soft shadow.

Photo from Alpha Media USA Portland OR