G&E Corp. customers would spend hundreds of millions of dollars to shut down the utility’s Diablo Canyon nuclear plant under a proposed settlement.
The utility said Friday it has made a compromise settlement with consumer advocacy groups on a shutdown budget that would cost PG&E ratepayers $112.5 million a year through 2027. The settlement has the blessing of several consumer groups, including the Public Utilities Commission’s public advocates office and The Utility Reform Network, according to documents filed with the PUC.
If the settlement is approved by the five-member commission, electric bills would increase 59 cents a month, said PG&E spokeswoman Hillary Bouchenot. She said PG&E customers have already paid roughly $3 billion into a trust that PG&E has established for the Diablo Canyon shutdown. Friday’s settlement, if approved, would bring total ratepayer spending to nearly $3.9 billion.