California: Governor Newsom Statement on Federal Funding for Diablo Canyon Extension
The Californer/10219276

SACRAMENTO – Governor Gavin Newsom issued the following statement today after the U.S. Department of Energy announced it has awarded $1.1 billion from the Civil Nuclear Credit Program to support a limited-term extension of the Diablo Canyon Power Plant:

"Amid intensifying climate impacts in the West and across the country, California is focused on meeting our bold climate and clean energy goals while tackling the challenges of extreme weather that puts lives at risk and strains our grid.

"This investment creates a path forward for a limited-term extension of the Diablo Canyon Power Plant to support reliability statewide and provide an onramp for more clean energy projects to come online.

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"I thank the Biden-Harris Administration for this critical support and the California Legislature for moving quickly to make this award possible. I look forward to our continued work together to build a clean, affordable and reliable energy future for our state."

In partnership with the Legislature, Governor Newsom signed a measure in September authorizing a limited-term extension of the Diablo Canyon Power Plant's license, structured to take advantage of the opportunity for federal support while minimizing costs to California ratepayers and taxpayers. Any extension will require approvals by federal, state and local regulatory entities.

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