Current:Home > ContactRekubit-California Utility Says Clean Energy Will Replace Power From State’s Last Nuclear Plant -Edge Finance Strategies
Rekubit-California Utility Says Clean Energy Will Replace Power From State’s Last Nuclear Plant
Algosensey Quantitative Think Tank Center View
Date:2025-04-11 03:09:18
Diablo Canyon,Rekubit California’s last remaining nuclear facility, will be retired within a decade if state regulators agree to a proposal by Pacific Gas and Electric Corporation and several environmental and labor organizations to replace its power production with clean energy.
The San Francisco-based utility said on Tuesday that it will ask state regulators to let operating licenses for two nuclear reactors at its Diablo Canyon power plant expire in 2024 and 2025. The utility said it would make up for the loss of power with a mix of energy efficiency, renewables and energy storage that would cost less than nuclear power.
“This is a new green yardstick for replacing every fossil fuel and nuclear plant in the world,” said S. David Freeman, a senior advisor with Friends of the Earth’s nuclear campaign, one of several groups making the announcement. “It’s not only cleaner and safer, but it’s cheaper.”
The Diablo nuclear power plant is one of many closing or scheduled to close around the country, but is the first with a commitment from a public utility not to increase carbon emissions when making up for the lost energy.
The proposal comes as the share of solar and wind power in California’s energy mix is rapidly increasing. In 2014, nearly 25 percent of retail electricity sales in California came from renewable sources. Utilities are bound by the state’s renewable portfolio standard policy to increase their share of electricity from renewables to 50 percent by 2030.
PG&E said it would exceed the state mandate, raising its renewable energy target to 55 percent by 2031 as part of its proposal to close Diablo Canyon.
“California’s energy landscape is changing dramatically with energy efficiency, renewables and storage being central to the state’s energy policy,” PG&E chairman, chief executive and president Anthony Earley said in a statement. “As we make this transition, Diablo Canyon’s full output will no longer be required.”
As renewables ramp up, California is also using less energy. Legislation passed last September requires public utilities to double energy efficiency targets for retail customers by 2030. The policy is expected to reduce the state’s electricity needs by 25 percent in the next 15 years.
The Natural Resources Defense Council, which co-signed the joint proposal, estimated PG&E customers would save at least $1 billion.
“Energy efficiency and clean renewable energy from the wind and sun can replace aging nuclear plants—and this proves it,” NRDC president Rhea Suh wrote in a statement. “Nuclear power versus fossil fuels is a false choice based on yesterday’s options.”
Not everyone, however, agreed this was progress.
“When nuclear [facilities] have closed in the last few years, they’ve been replaced by fossil fuels, and Diablo Canyon will be no different,” said Jessica Lovering, energy director for the Breakthrough Institute, a proponent of nuclear power as a key provider of carbon-free power. “The plant currently provides 8 percent of California’s electricity and over 20 percent of its low-carbon electricity, the loss will most certainly be made up of increased natural gas burning or increased imports from out-of-state.”
The proposal to close the Diablo plant comes on the heels of a number of nuclear facility closures nationwide, including the shuttering of the San Onofre plant in California in 2013 and recent closures in Florida, Wisconsin and Vermont. The Fort Calhoun nuclear power plant in Nebraska is scheduled to close later this year and additional closures in New York, Illinois, Massachusetts and New Jersey are planned in coming years.
The closure and replacement of Diablo Canyon with a mix of renewables, energy storage and increased energy efficiency is a breakthrough and shift from “20th century thinking,” Freeman said. “Modern day Edisons have invented better technology.”
veryGood! (9328)
Related
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- NFL pushes back trade deadline one week
- 4 accused in Russia concert hall attack appear in court, apparently badly beaten
- US consumer confidence holds steady even as high prices weigh on household budgets
- Sonya Massey's father decries possible release of former deputy charged with her death
- The 35 Best Amazon Big Spring Sale Deals You Can Still Shop Today
- Why 'Quiet on Set' documentary on Nickelodeon scandal exposes the high price of kids TV
- Uber offering car seats for kids: Ride-share giant launches new program in 2 US cities
- Grammy nominee Teddy Swims on love, growth and embracing change
- Chargers coach Jim Harbaugh: Fifth selection could be like No. 1 draft pick
Ranking
- Tom Holland's New Venture Revealed
- Raptors' Jontay Porter under NBA investigation for betting irregularities
- Photography becomes new pastime for MLB legends Randy Johnson and Ken Griffey Jr.
- Visa, Mastercard settle long-running antitrust suit over swipe fees with merchants
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Why did Francis Scott Key bridge collapse so catastrophically? It didn't stand a chance.
- Milk from sick dairy cattle in 2 states test positive for bird flu: What to know
- Carnival cruise ship catches fire for the second time in 2 years
Recommendation
Louvre will undergo expansion and restoration project, Macron says
Halsey Shares Fierce Defense of Kate Middleton Amid Cancer Journey
A school bus company where a noose was found is ending its contract with St. Louis Public Schools
Florida passes law requiring age verification for porn sites, social media restrictions
Bill Belichick's salary at North Carolina: School releases football coach's contract details
The irony of Steve Martin’s life isn’t lost on him
Photos, video show collapse of Baltimore's Francis Scott Key Bridge after cargo ship collision
These John Tucker Must Die Secrets Are Definitely Your Type