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Congress approves bill to provide funding for communities losing nuclear power plants

Posted at 5:57 PM, Sep 17, 2018
and last updated 2018-09-17 20:57:44-04

The Department of Energy could soon study public and private funding sources designed to help communities where nuclear power plants are being decommissioned. This would include the Diablo Canyon Power Plant.

Congressman Salud Carbajal announced Monday that the bill passed the House and Senate. It still needs President Donald Trump’s signature.

"With the impending Diablo Canyon Power Plant closure, I am working to secure all available federal resources to help offset the economic impact of this decommissioning," said Carbajal. "With this significant challenge also comes an opportunity to designate the Central Coast a renewable energy hub, by attracting new businesses that provide good-paying jobs in our community."

Earlier this year, Congressman Carbajal introduced the Energy Opportunity Zone Act. He says it would give federal tax credits to the renewable energy industry near San Luis Obispo.

Diablo Canyon Power Plant is set to be decommissioned by 2025.  The facility generates nearly $1 billion a year for the San Luis Obispo County economy.