AI6YR Ben3d ago

LA Times: PG&E is overcharging Californians to keep Diablo Canyon open, report alleges

"...A new report alleges Pacific Gas & Electric inflated costs when it requested a loan for Diablo Canyon, potentially creating a $685.6-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...."

(PAYWALL)
https://www.latimes.com/environment/story/2026-04-07/pge-overcharging-diablo-canyon-report

#nukes #diablocanyon #powergrid #grid

PG&E overcharging Californians to keep Diablo Canyon open, report says

Eliminating fees for Diablo Canyon from 2027 to 2030 could save utility customers an estimated $1.84 billion.

Los Angeles Times
Show threadJim Hubbell
@ai6yr
Remember when nuclear power was advertised as being too cheap to meter? Jimmy remembers.
Apr 8 at 3:22pmWeb
Show threadNature Punk3d ago

@Dougfir @ai6yr it's normal for the UK to generate more power from wind alone over night to power every home (about 40% of all needed) and sometimes lots more with more wind and solar going in every week yet successive governments have locked us into long term expensive nuclear contracts including a brand new reactor we should be planning to never need

Imagine if that money went into saving loses instead of new generation.

Better is possible.

Show threadMisuse Case3d ago
@Dougfir @ai6yr It seems that the actual issue here is financial fraud on the part of PG&E, irrespective of what kind of power plant it is.
Show threadJim Hubbell3d ago
@MisuseCase @ai6yr
If nuclear power was as cheap as promised, they would not have to use less than ethical means to pay for it.
Show threadMisuse Case3d ago

@Dougfir @ai6yr This is silly because a company can do this kind of financial fraud for a solar farm or offshore wind installation or whatever. And they definitely do it for fossil fuel infrastructure!

EDIT: Oh I forgot! Solyndra was an infamous case of financial fraud in the renewables sector. It was a big scandal at the time!

https://en.wikipedia.org/wiki/Solyndra

Solyndra - Wikipedia

Show threadJim Hubbell3d ago
@MisuseCase @ai6yr
Well you are right. Isn't there some state agency that is supposed to prevent this?
Show threadMisuse Case3d ago
@Dougfir @ai6yr Honestly I think the best way to fix a lot of this is to nationalize utilities. Just get the profit motive out of it.