Keep Diablo Canyon Open

1. Diablo Canyon safely, reliably, and cost-effectively supplies almost
10% of California's in-state generation. In accordance with numerous
pieces of California legislation, including AB 32 and SB 100, Diablo
Canyon accomplishes these tasks without emitting a speck of carbon.

2. Just as in the case of San Onofre Nuclear Generating Station (SONGS,)
the goal of fossil fuel interests (including PG&E) is to sell more natural
gas by shutting down California's nuclear power plants. Diablo Canyon
undercuts the production cost of PG&E's Colusa plant, per PG&E's 2018 FERC
Form 1 filing. The electrical production of both SONGS and Diablo Canyon
was/is about 18 billion kWh. This is the equivalent of more than five (5)
Hoover Dams. Fossil fuel interests are indifferent to the harms of their
product which range from lethal explosions such as occurred in  San Bruno,
California on September 9, 2010 to the harms of climate change. They have
enough lobbying dollars to achieve their business goals. In particular,
the Western States Petroleum Association (WSPA) is usually the Number 1
California state lobbyist. Currently, the U.S. has a temporary glut of
natural gas as a consequence of the fracking revolution. As a result of
this glut, inflation-corrected natural gas prices are at or near historic
lows. Per the World Bank, the U.S. wastefully flared about a billion cubic
feet/day of natural gas per DAY between 2013-2017. This glut will
disappear and natural gas prices will rise once enough terminals to send
U.S. LNG overseas are constructed.

3. CGNP has been working with California legislators to provide price
support for Diablo Canyon's electricity. Assemblyman Jordan Cunningham
introduced ACA 18 about two months ago. He will be introducing a new bill
with the start of the legislative session in January, 2020. There are also
initiatives pending to redirect IOU spending from renewables procurement
to infrastructure hardening and  more vegetation management of rights of
way, consistent with CPUC General Order 95. CGNP will also be exploring
Reliability Must Run (RMR) payments for Diablo Canyon.

4. Expensive intermittent generation means such as wind and solar fail to
deliver on their environmental claims, as any environmental benefits are
nullified by the inefficient and intermittent dispatch of
natural-gas-fired generation required to firm the intermittent generators.
CGNP has shown in their CPUC filings how the "heat rate" of California
generators, which measures their efficiency has been rising with
increasing penetration of solar and wind. Instead, solar and wind are
heavily promoted by fossil fuel interests to burnish their public
perception. See the attached 2-pager from INGAA, a Washington, DC based
lobbying group.

5. From a fiduciary standpoint, Bankrupt PG&E should sell Diablo Canyon
instead of wastefully closing the plant in 2025. Part of the sale proceeds
should go to wildfire survivors. CGNP has been working on locating
qualified buyers who want to continue running Diablo Canyon.