PG&E is Overcharging Californians to Keep the Last Nuclear Power Plant Open, Report Alleges

Source: The Los Angeles Times |By Blanca Begert

A new report alleges Pacific Gas & Electric inflated costs when it requested a loan for Diablo Canyon, potentially creating a $658.6-million cost to taxpayers if lawmakers don’t intervene.  If ratepayer fees for Diablo Canyon were eliminated from 2027-30, experts say, California utility customers could save an estimated $1.84 billion in controversial subsidies.

“They picked a really high number for their incentives that was out of whack with what they could have earned,” said Matt Freedman, an attorney with the Utility Reform Network consumer advocacy group, who reviewed and provided the authors feedback on the report.