Biden grants PG&E $1B to keep Diablo Canyon nuclear plant open

$1B handout instead of changing crazy CA regulation artificially limiting Diablo output so they can claim % of renewables?

>The main driver deterring PG&E from seeking a 20-year operating licence extension is the 2015 renewable portfolio standard (RPS) of producing 50% of its electricity from qualified renewable energy sources by 2030. PG&E’s model for the future cost of operating Diablo Canyon indicated that the cost per kilowatt hour was going to almost double, since the company would be forced to lower the amount of power it could produce from the plant in order to meet the state’s requirement. Dropping the capacity factor from the current 92% to say 50% would virtually double the price per kilowatt hour since costs are largely fixed.

>The state law which effectively dictates that by 2030 Diablo Canyon should operate at lower capacity each year and buy in power from intermittent renewables has apparently sealed the fate of the plant.