California’s last nuclear power plant will close in 2025, after Pacific Gas & Electric Co. reached an agreement with labor and environmental groups, the parties said Tuesday. The San Francisco-based utility, a subsidiary of PG&E Corp., will withdraw its application to renew the nuclear licenses for the Diablo Canyon Power Plant in San Luis Obispo County. The plan calls for shutting down one of the property’s reactors in November 2024 and its second reactor a year later. The Diablo Canyon facility, which started operating in 1985, accounts for 9% of California’s annual electricity production, the company said. PG&E will begin to invest in a new portfolio of energy efficiency, renewable energy and energy storage to make up the lost production. The company said it will commit to having 55% of its energy portfolio produced by renewable energy […]