CHAPTER 6.3. Diablo Canyon Powerplant

Chapter 6.3 added by Stats. 2022, Ch. 239, Sec. 5.

§§ 25548–25548.8 · 9 sections

• § 25548 The Legislature finds and declares all of the following: (a) The Diablo Canyon powerplant currently supplies approximately 17 percent of California’s…
• § 25548.1 For purposes of this chapter, the following definitions apply: (a) “Borrower” means the company licensed to operate the Diablo Canyon Units 1 and 2. (b)…
• § 25548.2 For purposes of any application or request by the operator for a permit, lease, license, certification, concurrence, plan, decision, or other approval from a…
• § 25548.3 (a) It is the intent of the Legislature to make available a one billion four hundred million dollar ($1,400,000,000) loan from the General Fund to the…
• § 25548.4 (a) Within 180 days after the date of the loan agreement, the department, in collaboration with the Public Utilities Commission, shall establish a methodology…
• § 25548.5 (a) The department may do any of the following as may be, in the determination of the department, necessary or appropriate for purposes of this chapter: (1)…
• § 25548.6 (a) The Diablo Canyon Extension Fund is hereby established within the State Treasury. The moneys in the fund shall be available to the department for the…
• § 25548.7 Continued operation of the Diablo Canyon powerplant as provided in this chapter is in all respects for the welfare and the benefit of the people of the state,…
• § 25548.8 (a) The department, in consultation with the Public Utilities Commission and the commission, shall provide a biannual report, on or before February 1 and…