California politics are synonymous with many things, but failed energy policy might be the most relevant.
The Ivanpah solar power plant is on its way to being shut down, just 11 years after it opened. PG&E pulled out of its contract with the plant, leading to a planned closure of two of its three units by next year, while Southern California Edison is also working on buying out its contract. The plant cost $2.2 billion to build, and the Department of Energy said taxpayers will receive a refund of an undisclosed amount for the $1.6 billion in department loans. The contracts were supposed to take the plant through at least 2039.
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