Elias: $400M loan' to PG&E to keep nuclear plant going a raw deal
Briefly

California's electric consumers are being asked for a $400 million loan to Pacific Gas & Electric to extend the life of the controversial Diablo Canyon Power Plant, stirring debate on its necessity.
Governor Gavin Newsom's decision to extend Diablo Canyon's life until 2030 comes amid concerns about slow advancements in renewable energy, raising questions about federal support under changing political climates.
Consumers across California, even those not directly serviced by PG&E, are impacted financially for keeping Diablo Canyon operational, questioning the fairness of this funding approach.
The original intent of peaker plants was to handle extreme electricity demand, but with Diablo Canyon's extension, the relevance and necessity of these alternate energy sources are being called into question.
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