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Stock impact report

California Coastal Commission approves land deal to extend last nuclear plant through 2030 [Los Angeles Times (CA)]

Pacific Gas & Electric Co. (PCG) 
Last pacific gas & electric co. earnings: 5/1 08:21 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/pg
nuclear power plant in exchange for thousands of acres of new land conservation in San Luis Obispo County. PG&E's agreement with the California Coastal Commission is a key hurdle for the Diablo Canyon nuclear plant to remain online until at least 2030. The plant was slated to close this year, largely due to concerns over seismic safety, but state officials pushed to delay it — saying the plant remains essential for the reliable operation of California's electrical grid. Diablo Canyon provides nearly 9% of the electricity generated in the state, making it the state's single largest source. The Coastal Commission voted 9-3 to approve the plan, settling the fate of some 12,000 acres that surround the power plant as a means of compensation for environmental harm caused by its continued operation. Nuclear power does not emit greenhouse gases. But Diablo Canyon uses an estimated 2.5 billion gallons of ocean water each day to absorb heat in a process known as “once-through cooling,” wh Show less Read more
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