U.S. Grants $1.1 Billion To Keep Diablo Canyon Nuclear Plant Open

The Biden administration said on Monday it has approved conditional funding of up to $1.1 billion to prevent the closure of the Diablo Canyon nuclear power plant in California, as part of its effort to fight climate change.

The Pacific Gas & Electric plant, which was set to fully shut in 2025, applied for funding in the Department of Energy's (DOE) initial phase of the $6 billion Civil Nuclear Credit program meant to help keep struggling nuclear power reactors open. Diablo is the last nuclear plant in California.