California legislators break with Gov. Newsom over loan to keep state’s last nuclear plant running (AP News)
“The California Legislature signaled its intent on Thursday to cancel a $400 million loan payment to help finance a longer lifespan for the state’s last nuclear power plant, exposing a rift with Gov. Gavin Newsom who says that the power is critical to safeguarding energy supplies amid a warming climate.
…
The dispute unfolded in Sacramento as environmentalists and antinuclear activists warned that the estimated price tag for keeping the seaside reactors running beyond a planned closing by 2025 had ballooned to nearly $12 billion, roughly doubling earlier projections. That also has raised the prospect of higher fees for ratepayers.”
Read the full article from the Associated Press by clicking here.