Diablo Canyon Economic Analyses and Strategy Project

Economic Planning for the Closure of the Diablo Canyon Power Plant

Key Points

Updated: June 27, 2017
  • In June of 2016, Pacific Gas & Electric Company (PG&E) publically announced the permanent closure of the Diablo Canyon Power Plant (DCPP) in 2024 and 2025. This represents the last nuclear power plant in operation on the west coast.
  • The plant closure will be followed by a decommissioning process that is anticipated to take approximately ten years.
  • DCPP has been the single largest private employer in San Luis Obispo County for the past 30 years and currently employs approximately 1,500 employees with reported average salaries of approximately $157,000 per year.
  • In response to the announced closure, the Economic Vitality Corporation (EVC), a non-profit economic development organization serving all of San Luis Obispo County, will manage the overall economic planning of the closure.
  • In its role, the EVC will select and oversee one or more consulting firms to help the community mitigate the negative impact to our local economy by completing an economic impact study of effects caused by the impending closure and developing in collaboration with community stakeholders a regional economic strategy.
  • EVC released a Request for Qualifications from expert consulting firms in spring of 2017. Of the twenty proposals submitted, five firms have been invited to interview, and the selected firm(s) will be retained in summer of 2017.
  • The consulting firm(s) hired will develop:
1) Economic and Fiscal Impact Analyses;
2) Countywide Strategy and Implementation Plan.


Timeline and Action Items

The estimated timeline for the this two-phase project is as follows:

Phase 1
  • Spring 2017: Review proposals for Economic Analyses and Strategic and Implementation Plan
  • Summer 2017: Select consultants
  • Winter 2018: Complete Economic & Fiscal Analyses
Phase 2
  • Spring 2018: Begin Economic Strategic and Implementation Plan
  • Winter 2019: Complete Economic Strategic and Implementation Plan
More specifically, the following action items will be completed during the two phases:
  • Phase 1 – Completion of Economic & Fiscal Impact Analyses of the DCPP closure in the context of overall trends for the County of San Luis Obispo, with breakout analyses for the following cities of Arroyo Grande, Atascadero, Grover Beach, Morro Bay, Paso Robles, Pismo Beach, and San Luis Obispo, as well as analyses for the following unincorporated communities of Avila Beach, Cambria, Los Osos, Nipomo, Oceano, Santa Margarita, San Miguel, and Templeton.
  • Phase 2 – Completion of an Economic Strategic and Implementation Plan that unifies the region under a collective vision and guides County leaders in the development of a coordinated economic strategy that fosters strong regional partnerships.


Project Governance and Goals

  • Both the EVC Board of Directors (click here for board membership) and a diverse committee that represents leaders from K-12 and higher education sectors, local government, business, and chambers of commerce guide this project.
  • The EVC commits to the following:

Recent Reports 

Below are the most recent economic reports regarding the closure of the Diablo Canyon Power Plant.
                     Download Report 


Project updates will be posted on the EVC website periodically. For more specific details on the project, please contact lcappel@sloevc.org.
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