NEW YORK Nov 24 PG&E Corp (PCG.N) said Tuesday
it would seek to renew the licenses of the 2,240-megawatt
Diablo Canyon nuclear power plant in California for an
additional 20 years.
The current 40-year operating licenses for Diablo Canyon's
units expire in 2024 and 2025.
The U.S. Nuclear Regulatory Commission has said it usually
takes about 22 months to make a decision on a license extension
without a hearing or about 30 months with a hearing.
Extending the licenses is "important for the environmental
and economic health of California," John Conway, PG&E senior
vice president, energy supply and chief nuclear officer, said
in a release.
"As a company and as a state we must support every option
for meeting California's ambitious greenhouse gas reduction
goals while providing 24/7 reliability. Extending Diablo
Canyon's ability to operate for another 20 years helps us do
just that," Conway said.
Even though California regulators expect demand for power
to continue increasing by at least 2 percent each year,
California law established a goal of reducing greenhouse gas
emissions to 1990 levels by 2020.
Nuclear power provides more than 70 percent of the nation's
carbon-free generation. The Diablo Canyon plant provides enough
power for about 2 million California homes.
PG&E said extending Diablo Canyon's operating licenses was
the latest of the company's energy- and environment-saving
initiatives, including carbon offset programs, energy
efficiency incentives and investment in renewable power
The Diablo Canyon station is located in Avila Beach in San
Luis Obispo County about 195 miles (310 km) northwest of Los
Angeles. The station has two units, the 1,122-MW Unit 1 and the
1,118-MW Unit 2, which entered service in 1985 and 1986.
(Reporting by Scott DiSavino; editing by Jim Marshall)
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