Wait, PGE is decommissioning the plant because the plant is very costly to upkeep. Its not because Big Govt decided so. I am pro-nuclear energy but its also very expensive to turn a profit on a nuclear power plant(10-20 years+), and in an era of increasing interest rates is essentially a long duration asset.
Wait, PGE is decommissioning the plant because the plant is very costly to upkeep. Its not because Big Govt decided so. I am pro-nuclear energy but its also very expensive to turn a profit on a nuclear power plant(10-20 years+), and in an era of increasing interest rates is essentially a long duration asset.
Nonsense. Californians for Green Nuclear Power https://CGNP.org has shown in its written testimony at the local, state, and federal level that Diablo Canyon's power price typically undercuts the power production cost at PG&E's natural gas-fired power plants. During Diablo Canyon's extended operations, the cost will likely decrease because owner PG&E aggressively fully depreciated the plant during the first 40 years of operation. No more expensive cost of capital.
Wait, PGE is decommissioning the plant because the plant is very costly to upkeep. Its not because Big Govt decided so. I am pro-nuclear energy but its also very expensive to turn a profit on a nuclear power plant(10-20 years+), and in an era of increasing interest rates is essentially a long duration asset.
Nonsense. Californians for Green Nuclear Power https://CGNP.org has shown in its written testimony at the local, state, and federal level that Diablo Canyon's power price typically undercuts the power production cost at PG&E's natural gas-fired power plants. During Diablo Canyon's extended operations, the cost will likely decrease because owner PG&E aggressively fully depreciated the plant during the first 40 years of operation. No more expensive cost of capital.