California lawmakers vote to keep state's only nuclear plant running [View all]

(Reuters) - California lawmakers on Thursday passed a bill approving a $1.4 billion government loan to extend the life of the state's only nuclear power plant to shore up electric reliability.

The bill, backed by Governor Gavin Newsom but opposed by some environmental groups, marks a reversal of the state's 2016 decision to retire PG&E Corp's Diablo Canyon power plant by 2025.

If signed by Newsom, the legislation delays Diablo Canyon's retirement by five years to 2030 and exempts some state agencies from complying with certain environmental laws to enable the extension.

The bill easily won the support of the required two-thirds of lawmakers it needed to pass.

https://www.msn.com/en-us/news/us/california-lawmakers-vote-to-keep-state-s-only-nuclear-plant-running/ar-AA11lAd5