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PG&E has paid San Luis Obispo County $8.3 million to make up for lost tax revenue from the Diablo Canyon nuclear power plant.
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This is the first of two payments PG&E will make to the county in a deal negotiated by state Senator John Laird. In 2027, PG&E will pay the county another $8.3 million.
The funding will support county services, the San Luis Coastal Unified School District and the Port San Luis Harbor District, PG&E said.
When the state Legislature passed Senate Bill 846 to extend the power plant’s operations until 2030, it did not restore the funding designed to compensate the community for impacts caused by the power plant. Community members and state Legislators Laird and Asm. Dawn Addis have since worked to compel PG&E to replace that funding.
PG&E agreed to provide the $16.6 million funding after Laird introduced Senate Bill 931, which would have restored funding to local agencies through 2030. Addis co-sponsored the bill.
The agreement mirrors the proposed bill but was not secured through the legislative process, Laird’s office previously told The Tribune.
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The agreement comes after years of budget cuts and community concerns as local agencies, including schools and county offices, prepared to lose unitary tax funding due to the planned closure of Diablo Canyon.
“I’m pleased to see this $8.3 million payment delivered to San Luis Obispo County ahead of schedule,” Laird said in a statement. “This funding will help protect the local services residents depend on. There’s still work to do to secure funding for the remaining three years, and I’ll continue working to make sure San Luis Obispo County receives its fair share.”
Addis also pledged to fight for more funding.
“We fought hard for multiple years and through multiple bills to secure this funding,” she said in a statement. “While it’s good PG&E has kept their commitment on this particular deal, the reality is their full promise to our local communities has not been met. I continue to work — as I have done my entire time in office — to help PG&E understand that being a good local partner means showing up for our school children and those most in need by paying their full share of taxes for the 2025-2030 extension.”
This story was originally published October 26, 2026 at 3:34 PM with the headline “PG&E pays SLO County $8.3 million to make up for lost Diablo Canyon tax revenue.”
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