It’s those Damn Environmentalists!

wall-street-fallout

PG&E, per a backroom deal reached with Labor, environmental groups, and the state, is agreeing to withdraw its application with the feds to extend the licences of Diablo Canyon’s twin nuclear reactors another 30 years. PG&E cites recently passed state legislation requiring 50% renewable energy generation by 2030 as the main motivation for the decision. The fact that the plant is no longer profitable enough to justify its high overhead costs probably wasn’t a factor. Nor was the evolving perception among energy providers that baseline power plants that run 24/7 are rapidly becoming obsolete.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s