(SAN FRANCISCO – June 21, 2016) Pacific Gas & Electric (PG&E) announced today it will no longer seek an extension of the 20-year license required for its Diablo Canyon nuclear power plant. The joint agreement outlines a multi-year, zero-carbon replacement strategy for California’s last remaining nuclear power plant. The strategy emphasizes renewables and energy efficiency, and comes with potential savings to PG&E customers of at least $1 billion, according to estimates from the Natural Resources Defense Council.
“Today’s announcement articulates a cost-effective, balanced phase-out of the Diablo Canyon nuclear facility that is good for Californians and firmly supports the state’s clean energy future. By making this commitment, PG&E confirms California customers will be better – and more affordably – served by a mix of clean energy resources, including renewable energy and energy efficiency.
“California’s energy vision is grounded in a diverse array of low-carbon resources that fit the needs of a modern, flexible electric grid. This critical step strengthens the reliability of our energy system and opens up new opportunities for California’s abundant and growing clean energy sector.”
· Jayant Kairam, Interim California Director, Clean Energy