Diablo Canyon nuke plant could trigger higher PG&E customer bills, experts warn

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Operation of the aging Diablo Canyon nuclear power plant could shove PG&E monthly bills higher.

OAKLAND — Operation of the aging Diablo Canyon nuclear power plant — which has become a key element of California’s strained electricity grid — could shove PG&E monthly bills higher, some experts warn.

What appears clear, however, is that PG&E monthly bills could head higher as soon as early 2025 due to the costs of keeping the plant’s two nuclear reactors running. In May 2023, PG&E estimated it might cost $5.2 billion to operate Diablo Canyon from roughly 2025 through 2030, the first five years of the extended operations at the nuclear complex.

Despite the dispute over the eventual aggregate costs to operate Diablo Canyon through 2030, what is certain is that the plant’s operation will add to already fast-rising PG&E monthly bills. In 2022, state officials led by Gov. Newsom authorized the extended operations of Diablo Canyon when it became clear that Califonia faced a dire electricity shortage.

 

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