Utility Pacific Gas and Electric Company (PG&E) could receive a $1.4bn (€1.3bn) government loan to keep the Diablo Canyon nuclear power station running up to 10 years beyond its current 2025 closure date under a bill proposed by California governor Gavin Newsom.
The proposal would exempt the extension from some environmental rules and would state regulatory agencies to act quickly to clear the way for the facility’s two reactors to continue operating.
The proposal, which would have to be introduced as a bill in the state legislature, is the latest in a series of steps California has made this year to reconsider its 2016 decision to retire the Diablo Canyon power plant by 2025.
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