The federal Nuclear Regulatory Commission, or NRC, determined that Pacific Gas and Electric Company’s, or PG&E, License Renewal Application, or LRA, for extended operations of Diablo Canyon Power Plant, or DCPP, is sufficient for its review. The NRC’s determination of sufficiency now allows PG&E to continue operating Units 1 and 2 at DCPP past their current licenses, while the LRA is under review. As the agency fully evaluates PG&E’s application, the multi-year review process will provide opportunities for public participation. PG&E filed the LRA on Nov. 7, at the state’s direction, to ensure electric reliability for all Californians. The facility is the state’s largest power plant and producer of clean energy, generating enough carbon-free electricity to meet the needs of three million people. The announcement comes after the California Public Utility Commission voted last week to approve the ratemaking design and new retirement dates for Diablo Canyon’s Units 1 and 2, now 2029 and 2030 respectively.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PCG:
