Diablo Canyon Power Plant Continued Operations

PG&E entered into the prescribed loan agreement with the California Department of Water Resources, which would provide up to $1.4 billion from state funds to support continued operations as long as the provisions of SB 846 are met by the utility. In November 2022, the federal Department of Energy conditionally granted PG&E up to $1.1 billion in the first round of its Civil Nuclear Credit Program, which PG&E could use to repay the loan from the Department of Water Resources.

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