Feds offer $1B to keep California’s last nuclear plant open

WASHINGTON (AP) — The Biden administration has announced preliminary approval to spend up to $1.1 billion to help keep California’s last operating nuclear power plant running. The Energy Department said Monday it was creating a path forward for the Diablo Canyon Power Plant to remain open, with the final terms to be negotiated and finalized. The plant, which is scheduled to close by 2025, was chosen in the first round of funding for a new civil nuclear credit program, intended to bail out financially distressed owners or operators of nuclear power reactors. The Palisades plant in Michigan also applied for funding to restart operations and was turned down.