Skip to Content
AP National Business

Feds offer $1B to keep California’s last nuclear plant open

yonkershonda.com / CC BY-SA 2.0
By
Published 12:07 PM

By JENNIFER McDERMOTT and MATTHEW DALY
Associated Press

WASHINGTON (AP) — The Biden administration has announced preliminary approval to spend up to $1.1 billion to help keep California’s last operating nuclear power plant running. The Energy Department said Monday it was creating a path forward for the Diablo Canyon Power Plant to remain open, with the final terms to be negotiated and finalized. The plant, which is scheduled to close by 2025, was chosen in the first round of funding for a new civil nuclear credit program, intended to bail out financially distressed owners or operators of nuclear power reactors. The Palisades plant in Michigan also applied for funding to restart operations and was turned down.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KRDO NewsChannel 13 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content