PG Accused of Overcharging Californians for Diablo Canyon Power Plant Operations
A report has surfaced alleging that Pacific Gas & Electric (PG&E) is overcharging customers to maintain operations at the Diablo Canyon Power Plant, California's sole nuclear power facility. The report claims PG&E inflated costs when requesting a loan to keep the plant operational, potentially leading to a $685.6 million burden on taxpayers if legislative action is not taken. The plant, which was initially set to close in 2025, received approval to continue operations until 2030. PG&E had requested a $1.4 billion loan from the state, promising repayment through federal grants. However, the Department of Energy later assessed that only $741.4 million was necessary for the plant's continued operation, creating a significant funding gap. Critics argue that PG&E, having reported record profits, should have its shareholders cover the loan shortfall rather than taxpayers. 
