Comment by epistasis

That's horrible for California, whose generation wholesale electricity prices are about 40% of that, at $0.04/kWh. Nuclear sells on to grid at that wholesale price. If the nuclear operator is forced to run at 90% capacity factor, which it will be, somebody is going to be paying PG&E that difference between wholesale cost and the very high price of nuclear energy. That person will be taxpayers, subsidizing PG&Eu, to run an uneconomic nuclear power plant.

See, for example, Figure E. 1 on page 9 of this PDF report which compares the wholesale prices by month of CAISO to other neighboring system operators:

https://www.caiso.com/documents/2025-first-quarter-report-on...

With the addition of storage to the grid in CAISO, costs are staying super low.

California's high electricity costs are from the grid, not from electricity generation, which as you can see meets or beats our peers. Solar and storage are super cheap. If we invest in nuclear we will be adding high generation cost to our woes.