City to receive over $1 million to lessen impact of Diablo closure
Money part of agreement drafted by Coalition of Cities, County, PG&E
–The City of Paso Robles will be receiving approximately $1.1 million from PG&E to be used exclusively for economic development recovery efforts to lessen the impact of the plant’s closure.
At the most recent Paso Robles City Council meeting, the council affirmed the agreement negotiated by the Coalition of Cities and the County with PG&E, which is designed to partially address the economic impacts of the Diablo Canyon Power Plant closure on the local economy.
According to a 2013 study by Cal Poly, Diablo Canyon annually contributes $920 million to the Central Coast economy. This includes jobs, contracts for services, and extensive taxes. Diablo Canyon is the largest creator of jobs in the San Luis Obispo area. More than 1,500 employees work at Diablo Canyon; residents and businesses throughout the county depend on DCPP for business. Altogether, Diablo generates roughly 2,500 permanent jobs for the region, and up to 5,000 additional temporary contract jobs each year.
On June 21, 2016 Pacific Gas & Electric announced that it will close the plant when the current operating licenses from the Nuclear Regulatory Commission expire in 2024 and 2025.
