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PG&E Announces Proposal to Close Diablo Canyon Nuclear Power Plant by 2025

LCG, June 22, 2016--PG&E yesterday announced a Joint Proposal with labor and environmental organizations that would increase investment in energy efficiency, renewables and storage beyond current state mandates while phasing out PG&E's production of nuclear power in California by 2025. The Joint Proposal would replace power produced by two nuclear reactors at the Diablo Canyon Power Plant with energy efficiency, renewables and energy storage. The Joint Proposal includes a PG&E voluntary commitment to a 55 percent renewable energy target in 2031.

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Exelon Announces Early Retirement of Nearly 3,000 MW of Carbon-Free Nuclear Capacity

LCG, June 3, 2016--Exelon Corporation yesterday announced that it will close two nuclear plants in Illinois, given the lack of progress on Illinois energy legislation. The Clinton Power Station in Clinton will close on June 1, 2017, and the Quad Cities Generating Station in Cordova will close on June 1, 2018. The two plants have lost a combined $800 million in the past seven years, despite being two of Exelon's best-performing plants.

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Industry News

NRC Extends Operating License for Entergy's Vermont Yankee Nuclear Plant

LCG, March 23, 2011--The U.S. Nuclear Regulatory Commission (NRC) issued on Monday a 20-year license extension to the Vermont Yankee nuclear plant, a 605-MW, nuclear reactor that is owned and operated by Entergy Corp. The existing operating license is scheduled to expire in March 2012.

Entergy's ability to extend the operating life of the plant remains somewhat uncertain, as Entergy apparently agreed to seek state approval to extend the life of the plant when the facility was acquired. Last year, the Vermont Senate voted against relicensing, and the new Governor (and former Senate pro tem) of Vermont is opposed to relicensing.

The recent earthquake, tsunami, and related challenges to control nuclear plant operations in Japan have elevated the concerns. A Vermont representative stated, "The radioactive release in Japan is the result of inundation by water.... We may be a seismically inactive area but we do face the power of water if nature decides to inundate the Vermont Yankee plant. Is it-- and the emergency support systems around it-- up to the task of protecting the people of Vermont?"
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