The assets PG&E claims have zero value for property tax purposes generate over $1.3 billion worth of electricity per year.

PG&E received a $1.4 billion (forgivable) loan from the state to keep those “fully depreciated” assets generating power.

PG&E shareholders get $100 million every year from ratepayers to keep those “fully depreciated” assets running.

PG&E will receive over $260 million next year as part of its Volumetric Performance Fee, with money taken from every electricity customer in California (and we in SLO County pay double).

Diablo Canyon Nuclear Power Plant (DCPP) is the only nuclear power generation facility in California, and our community bears the unique burdens and benefits that come with it.

PG&E has been vocal about how DCPP supports our local schools. And while DCPP employs 1,800 local residents, its property tax bill for DCPP has fallen by nearly $17 million over the last 9 years.

When DCPP was scheduled for decommissioning in 2016, PG&E and local stakeholders recognized the importance of PG&E’s ongoing support, and came to a joint agreement providing SLCUSD with over $4 million annually, ensuring school funding until DCPP’s scheduled shutdown in 2025.

However, when DCPP operations were extended in 2022, that funding was allowed to lapse. PG&E’s last payment of $4.6 million was made for the 2025-2026 fiscal year.