ENERGY

TURN Calls on PUC to Change Diablo Canyon Rate: Calling unexpected profits from Pacific Gas & Electric Co.’s nuclear power plant “obscene,” the consumer group Toward Utility Rate Normalization petitioned the California Public Utilities Commission to modify a 1988 rate settlement. “(T)he PUC approved this settlement as a way to protect PG&E; customers if Diablo turned out to be a ‘white elephant,”’ not create extra profits, said TURN executive director Audrie Krause. PG&E; says ratepayers have saved $2.3 billion since 1988 over what they would have paid under a traditional rate-setting formula.