Estimated cost to replace California nuclear power with solar: US$15b

New York

PG&E CORP'S plan to shut California's last nuclear power plant by 2025 would cost US$15 billion if all its output is replaced with solar-generated electricity at current prices, according to Bloomberg Intelligence analysts.

Actual costs could be lower because the company expects to compensate for lower demand and replace only part of the production, energy policy analyst Rob Barnett said on Wednesday.