2 Comments
тна Return to thread

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.

Expand full comment

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.

Expand full comment
Error