DCPP meaning in Business ?

Answer:

What is Diablo Canyon Power Plant mean?

The Diablo Canyon Power Plant is an electricity-generating nuclear power plant near Avila Beach in San Luis Obispo County, California. Since the permanent shutdown of the San Onofre Nuclear Generating Station in 2013, Diablo Canyon is the only operational nuclear plant left in the state, and the largest single power station in the state. The facility was the subject of controversy and protests, both during its construction and operations, including nearly two thousand civil disobedience arrests in a two-week period in 1981.

The plant has two Westinghouse-designed 4-loop pressurized-water nuclear reactors operated by Pacific Gas & Electric (PG&E). Together, the twin 1100 MWe reactors produce about 18,000 GW·h of electricity annually (8.6% of total California generation and 23% of carbon-free generation), supplying the electrical needs of more than 3 million people. The plant produces electricity for about 6 cents per kWh, less than the average cost of 10.1 cents per kWh that PG&E paid for electricity from other suppliers in 2014.

Though it was built less than a mile from the Shoreline fault line, which was not known to exist at the time of construction, and is located less than three miles from the Hosgri fault, a 2016 NRC probabilistic risk assessment of the plant, taking into account seismic risk, estimated the frequency of core damage at one instance per 7.6 million reactor years. The plant is located in Nuclear Regulatory Commission Region IV.

In 2009, PG&E applied to the Nuclear Regulatory Commission (NRC) for 20-year license renewals for both reactors. In 2016, PG&E announced that it plans to close the two Diablo Canyon reactors in 2024 and 2025, stating that because California's energy regulations give renewables priority over nuclear, the plant would likely only run half-time, making it uneconomical. (Nuclear plants are used for base load in order to spread their large fixed costs over as many kWh of generation as possible.) In 2020, experts at the California Independent System Operator (CAISO) warned that when the plant closes the state will reach a "critical inflection point", which will create a significant challenge to ensure reliability of the grid without resorting to more fossil fuel usage, and could jeopardize California's greenhouse gas reduction targets. In 2021 the California Energy Commission and CAISO warned that the state may have summer blackouts in future years as a result of Diablo's closure coinciding with the shutdown of four natural gas plants of 3.7GW total capacity, and the inability to rely on imported electricity during West-wide heat waves due to reduced hydroelectric capacity (from the decades-long drought) and the closure of coal plants. Full decommissioning of the plant is estimated to take decades and cost nearly 4 billion dollars.

reference

Full Form	Category
Decadal Climate Prediction Project	Academic & Science
Diablo Canyon Power Plant	Business
DSCI Certified Privacy Professional	Business
Defined Contribution Pension Plan	Community
Dealer Community Partnership Programme	Community
Defence Cyber Protection Partnership	Computing
Department of Child Protection and Permanency	General
Disease Control Priorities Project	Medical
Direction Collaboration et Partenariat Patient	Medical
Drivecrypt Plus Pack	Softwares