Extends Diablo Canyon nuclear powerplant operations in California until 2030.

California SB931 extends the operations of the Diablo Canyon nuclear powerplant until October 31, 2029, for Unit 1, and October 31, 2030, for Unit 2, contingent on continued authorization by the United States Nuclear Regulatory Commission. The California Public Utilities Commission is directed to authorize extended operations and establish new retirement dates if necessary. The bill also mandates the commission to ensure that the operator's compensation during extended operations is limited to specified payments and does not include a rate-based return on investment.

Extends Diablo Canyon nuclear powerplant operations in California until 2030.

California SB931 extends the operations of the Diablo Canyon nuclear powerplant until October 31, 2029, for Unit 1, and October 31, 2030, for Unit 2, contingent on continued authorization by the United States Nuclear Regulatory Commission. The California Public Utilities Commission is directed to authorize extended operations and establish new retirement dates if necessary. The bill also mandates the commission to ensure that the operator's compensation during extended operations is limited to specified payments and does not include a rate-based return on investment.