Three years ago, Gov. Newsom's administration convinced lawmakers to give PG&E a highly unusual $1.4 billion loan to keep open its nuclear power plant. It was supposed to be completely repaid by expected federal money. We found nearly half might have to be forgiven. My latest for @calmatters.org
California taxpayers gave PG&E a huge, supposedly safe loan. The losses are already mounting
Gov. Gavin Newsom said federal funds would cover a $1.4 billion loan to keep Diablo Canyon open. They could fall $588 million short.
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