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U.S. Nuclear Regulatory Commission

It'll take time — and $3.8 billion — to shut down the Diablo Canyon nuclear power plant

It'll take time — and $3.8 billion — to shut down the Diablo Canyon nuclear power plant

Decommissioning a nuclear power plant is a long and expensive process that sometimes takes more money than originally expected.

But executives running the Diablo Canyon nuclear facility, who announced Tuesday that the site's two reactors will be shut down by the middle of the next decade, expressed confidence that they can do it quickly and without running up the tab.

"The basic design is, by the time you get to the licensing end of the plant's life, you've collected enough to decommission the plant," said Tony Earley, chairman and chief executive of Pacific Gas & Electric, the investor-owned utility that runs Diablo Canyon, in a conference call with...

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