Legislation moves forward to compel Diablo Canyon closing settlement
State legislation concerning the closing of San Luis Obispo County’s Diablo Canyon Power Plant is moving forward.
Central Coast state Senator Bill Monning announced this week that two key committees signed off on SB 1090. State Assemblymember Jordan Cunningham, who represent San Luis Obispo County, is a cosponsor of the legislation.
The measure would allow ratepayers to fund an $85 million payment from PG&E to San Luis Obispo County, cities, a school district, local unions and other entities to help make up for coming lost revenue when the state’s last nuclear power plant starts closing down in 2024.
In November, a Public Utilities Commission judge ruled that PG&E could close Diablo Canyon, but couldn’t ask its customers pay for the settlement between the parties. SB 1090 would override that ruling. The measure will next go before the Senate Committee on Appropriations.