Robert Besser
16 Aug 2022, 01:37 GMT+10
SACRAMENTO, California: California Governor Gavin Newsom is proposing to give a $1.4 billion government loan to extend the life of a nuclear power plant it operates by as much as a decade.
The proposal aims to maintain electric supplies while moving away from fossil fuels, his office added.
This is the latest in a series of measures adopted by California this year to reconsider its 2016 decision to retire the Diablo Canyon Power Plant by 2025.
By 2045, the state aims to produce all of its electricity from clean sources, but it has faced challenges during that transition, such as blackouts during a heatwave in 2020.
A spokesperson in his office said, "The Governor supports keeping all options on the table as we build out our plan to ensure reliable energy this summer and beyond."
The state's utility regulator would delay Diablo Canyon's retirement to between 2030 and 2035 under Newsom's proposed bill, which would also authorize a loan of up to $1.4 billion to Diablo Canyon owner PG&E.
Under a U.S. Department of Energy program worth $6 billion aimed at saving nuclear power plants scheduled to retire, PG&E is also applying for separate federal funds.
In an emailed statement, PG&E spokesperson Lynsey Paulo said, "We are proud of the role that DCPP plays in our state, and we stand ready to support should there be a change in state policy, to help ensure grid reliability for our customers and all Californians at the lowest possible cost."
As part of a plan to cut U.S. greenhouse gas emissions, the Biden administration has made efforts to restore the nuclear industry.
Get a daily dose of Taiwan Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Taiwan Sun.
More InformationLONDON, England: The BBC has reported that Jaguar Land Rover owner Tata Motors is planning to build a multi-billion pound ...
MENLO Park, California: As part of the last stage of a three-series round of staff layoffs, part of a plan ...
WASHINGTON D.C.: On its website, the US Federal Trade Commission (FTC) has said it is probing Abbott Laboratories and other ...
Representative Mike Gallagher, chair of the U.S. House of Representatives committee on China, says that after Beijing banned the sale ...
NEW YORK, New York - A relief rally hit Wall Street Friday as lawmakers made some progress on the debt ...
ALEXANDRIA, Virginia: Boeing Chief Executive Dave Calhoun said sector-wide supply chain problems that have hampered global jetliner production might not ...
WASHINGTON D.C.: Reuters has reported that US President Joe Biden's nominee for a federal judge position in Kansas, Jabari Wamble, ...
WASHINGTON D.C.: Jennifer Homendy, head of the US National Transportation Safety Board, has said the US will investigate recent near ...
MIAMI, Florida: Four Chinese citizens living in Florida have sued the state over a new law barring citizens of China ...
OSLO, Norway: Norwegian Defense Minister Bjoern Arild Gram has said that Norway would conduct training programs for Ukrainian pilots in ...
LOS ANGELES, California: Reuters has reported that California is seeking approval from the the Biden administration to require all new ...
LONDON, England: As part of Prime Minister Rishi Sunak's measures to bring down annual net migration, which reached a record ...