PG&E is overcharging Californians to keep Diablo Canyon open, report alleges [Los Angeles Times (CA)]
Pacific Gas & Electric Co. (PCG)
Last pacific gas & electric co. earnings: 5/1 08:21 am
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Source: Los Angeles Times
If ratepayer fees for Diablo Canyon were eliminated from 2027-30, experts say, California utility customers could save an estimated $1.84 billion in controversial subsidies. PG&E denies inflating costs, while critics argue the utility has earned record profits and shareholders should pay back the loan, not taxpayers. A report released Wednesday alleges that Pacific Gas & Electric is overcharging customers to run the Diablo Canyon Power Plant, the state's only remaining nuclear power facility. Just last week, it received final clearance to operate through 2030. Diablo Canyon was originally supposed to close in 2025, but lawmakers extended that deadline by five years in 2022, fearing power shortages if a generator that provides more than 8% of the state's electricity were to shut off. At the time, PG&E asked the state Legislature for a $1.4-billion loan to prolong the plant's life. That was granted with the understanding the utility would pay it back with federal grant money it
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PCG
News
- I cover the ‘California exodus.' This is what is real and what is myth [Los Angeles Times (CA)]Los Angeles Times
- Coming Soon: Spring California Climate Credit to Deliver Energy Bill Savings to PG&E CustomersPR Newswire
- PG&E Settlement Sheds Light On Legal Risks And Future Grid Investment [Yahoo! Finance]Yahoo! Finance
- U.S. Nuclear Regulatory Commission Approves License Renewal Application for Extended Operations of Diablo CanyonPR Newswire
- Planning an Outdoor Digging Project this Spring? Call 811 Before You Dig to Avoid Repair Costs Averaging $3,500PR Newswire
PCG
Earnings
- 2/12/26 - In-Line
PCG
Sec Filings
- 4/9/26 - Form ARS
- 4/9/26 - Form DEFA14A
- 4/9/26 - Form DEF
- PCG's page on the SEC website