Summary of PG&E’s Joint Proposal to Retire Diablo Canyon Power Plant (DCPP) at Expiration of the Current Operating Licenses
On June 21, 2016, PG&E announced a Joint Proposal with Friends of the Earth, the Natural Resources Defense Council, Environment California, the International Brotherhood of Electrical Works Local 1245, Coalition of California Utility Employees and the Alliance for Nuclear Responsibility to retire DCPP at the expiration of the current operating licenses. On August 11, 2016, PG&E filed an Application with the California Public Utilities Commission (CPUC) for approval of the retirement of DCPP, implementation of the Joint Proposal, and for recovery of associated costs through proposed ratemaking.
Under the Joint Proposal, PG&E will continue to operate DCPP at current levels through the current license periods. If the Application is approved by the CPUC, in 2024 PG&E would retire Unit-1, and in 2025 would retire Unit-2. To replace DCPP power the Joint Proposal provides specific greenhouse gas (GHG)-free procurement requirements beginning in 2018 and continuing through 2031. Over the period of the next two years, PG&E will prepare a site-specific decommissioning plan including a schedule for post-shutdown treatment of spent fuel. In the Joint Proposal PG&E commits to pursuing dry cask storage as promptly as feasible and to continuing seismic studies. PG&E has suspended its license renewal efforts with the NRC and following CPUC approval of the Joint Proposal, PG&E will formally withdraw its license renewal application with the NRC. Under the Joint Proposal, PG&E has committed to continuing the safe operation of DCPP and to provide resources and assistance to transitioning workers. To continue safe operations under the Joint Proposal it will be critical to retain existing employees, who are highly qualified and PG&E has committed to provide a retention program and severance payments upon completion of employment. Under the Joint Proposal PG&E proposes to continue to provide funding to the San Luis Obispo area at current property tax levels through 2025. The foregoing information and any documents provided are not directly linked to the Committee’s review of operational safety and are provided for information only. The DCISC will continue to monitor and provide information to the public and to the Governor, the California Energy Commission, the California Attorney General, and to the CPUC on implementation of the Joint Proposal. Additional information will be provided here as it comes available.