• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 17 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 15 hours e-truck insanity
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days Bankruptcy in the Industry
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days The United States produced more crude oil than any nation, at any time.
India Ratchets Up Its Renewable Energy Installations

India Ratchets Up Its Renewable Energy Installations

India has ratcheted up renewable energy installations…

Shale Gas Reactor Could Saves Millions in Propylene Production

Shale Gas Reactor Could Saves Millions in Propylene Production

University of Michigan engineers have…

California Reconsidering Closure Of Its Last Nuclear Power Plant

As another summer threatens the stability of California’s power grid, Governor Gavin Newsom has said that he would keep all options on the table to ensure the reliability of the grid as heatwaves, drought, and wildfires are expected to create problems for California’s power supply this summer, too.

One of the options could be to keep the last remaining nuclear power plant in the state, Diablo Canyon, open beyond its original date of closure, 2025.

Governor Newsom supports “keeping all options on the table” in order to ensure a reliable grid until the state transitions away from fossil fuels. Yet, analysts say that a plan to extend the Diablo Canyon life beyond 2025 would face numerous technical and financial challenges.

The Diablo Canyon nuclear power plant accounted for 8.53% of California’s in-state power generation in 2020, data from California Energy Commission show. Nuclear power represented 9.33% of California’s total power mix if imports from other states are included.

California decided in 2016 to close down Diablo Canyon in 2025, with one reactor closing down in 2024 and the other in the following year. The state was planning to have the nuclear power generated from Diablo Canyon replaced by solar and wind sources.

However, faced with another year of challenges to the state’s grid stability, the Governor is reconsidering the 2025 end date for the last remaining nuclear power plant in California. Diablo Canyon owner Pacific Gas & Electric is preparing to close down the plant in 2025, but Governor Newsom told the L.A. Times editorial board last month that California might look to apply for federal funds to help it keep nuclear plants open. 

“The requirement is by May 19 to submit an application, or you miss the opportunity to draw down any federal funds if you want to extend the life of that plant,” Newsom told L.A. Times. “We would be remiss not to put that on the table as an option,” he added.  

According to Katie Tubb, research fellow at the Heritage Foundation, “It is very, very hard at this point, to turn this battleship around,” Tubb told The Daily Wire.

ADVERTISEMENT

By Charles Kennedy for Oilprice.com

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News