PG Accused of Overcharging Californians for Diablo Canyon Operations, Report Claims
A recent report alleges that Pacific Gas & Electric (PG&E) is overcharging customers to maintain operations at the Diablo Canyon Power Plant, California's last remaining nuclear facility. The report, released by UC Santa Barbara's 2035 Initiative, claims that PG&E inflated costs when requesting a $1.4 billion loan from the state to extend the plant's operation until 2030. This extension was initially granted to prevent potential power shortages, as Diablo Canyon supplies over 8% of the state's electricity. The report suggests that PG&E's cost inflation could result in a $685.6 million shortfall in loan repayment, potentially burdening taxpayers unless legislative action is taken. Additionally, the report criticizes the necessity of certain ratepayer fees, arguing that without them, the plant could still operate profitably by selling electricity alone. 
