Governor Brown Signs Legislation to Determine Economic Impact of Diablo Canyon Closure

September 26, 2016

(SACRAMENTO, CA) – Governor Jerry Brown today signed Senate Bill (SB) 968, legislation to evaluate the economic impact of the Diablo Canyon Power Plant closure, authored by Senator Bill Monning (D-Carmel) and co-authored by Senator Hannah-Beth Jackson and Assemblymember Katcho Achadjian.  The bill calls for an assessment of the adverse and beneficial economic impacts facing San Luis Obispo County once the Diablo Canyon Nuclear Power Plant shuts down, and will offer potential mitigation actions for anticipated adverse impacts.

“The Diablo Canyon Power Plant has been an important part of the local economy for the past few decades and the region needs reliable data and information to prepare for its closure,” Senator Monning said.  “The Governor’s support of this bill means that work to create this local economic roadmap can begin immediately.” 

Diablo Canyon has approximately 1,483 employees and Pacific Gas & Electric (PG&E) is the largest property taxpayer in San Luis Obispo County, paying more than $25 million in property taxes in 2014, with much of this attributable to the operation of the plant. 

SB 968 requires the California Public Utilities Commission to contract with an independent third party to perform the assessment and submit it no later than July 1, 2018.

“The closure of Diablo Canyon will result in a tough economic impact for San Luis Obispo County if planning does not begin now,” commented Assemblymember Achadjian.  “SB 968 will give the county and the schools the tools to plan ahead.”

On June 21, 2016, PG&E announced that it would not seek the license renewals necessary to operate Diablo Canyon and that the plant would close after the license for Unit 2 expires in August 2025.

 

Contact: Elizabeth Stitt, (916) 651-4017