Diablo Canyon gets $1.1 billion

The Department of Energy’s (DOE’s) first round of funding from its $6 billion Civil Nuclear Credit (CNC) Program is poised to go to Diablo Canyon Power Plant, California’s only operational nuclear plant.

Pacific Gas & Electric (PG&E), Diablo Canyon’s owner, could receive up to $1.1 billion in credits to extend the 2.2-GW plant’s operation for five years beyond its current license expiration in 2025 to bolster the state’s energy system reliability while additional renewable energy and carbon-free resources come online, the DOE announced on Nov. 21.