AB 361

This bill extends critical funding and oversight mechanisms for the Diablo Canyon nuclear power plant through August 26, 2025. Specifically, it extends the existing funding method that requires utilities operating nuclear plants over 50 megawatts to cover state and local emergency preparedness costs not reimbursed by federal funds, ensuring continued financial support for emergency services around Diablo Canyon. Additionally, the bill mandates that the Public Utilities Commission maintain an independent peer review panel to evaluate seismic studies and surveys of Diablo Canyon Units 1 and 2, including surrounding areas and nuclear waste storage sites, providing enhanced safety oversight through the same 2025 deadline.