""It's just kind of shocking how bad the deal was for ratepayers," said Mathew Freedman, an attorney with The Utility Reform Network, who was consulted by the authors of the UC Santa Barbara Report, and has been raising the same concerns for years."
"An analysis by the California Public Utilities Commission found that operating Diablo Canyon beyond 2030 would save anywhere from $600 million to $3.7 billion annually; largely because the state would have to build out less battery storage and offshore wind than if Diablo Canyon went offline."
"Jacopo Buongiorno, an MIT professor of nuclear science and engineering, who conducted that study, said while the research is now five years old, "the case remains absolutely compelling," and costs for generating electricity at Diablo Canyon remain low."
Critics claim Californians are overpaying PG&E for Diablo Canyon due to a rushed agreement. A UC Santa Barbara report indicates inflated costs, suggesting profitability without certain fees. Extending Diablo Canyon's operation could lower energy costs, but restructuring the agreement is necessary. The California Public Utilities Commission estimates savings of $600 million to $3.7 billion annually by keeping Diablo Canyon open. Independent analyses from MIT and Stanford also support significant savings, with costs for electricity generation remaining low.
Read at Kqed
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