NUCLEAR GENERATION OF ELECTRIC POWER - INITIATIVE STATUTE. Authorizes, subject to the approval of federal agencies including the United States Nuclear Regulatory Commission, the construction and operation of any proposed nuclear electric generating site and related facilities for which notice of intention to file an application for certification was filed with the State Energy Resources Conservation and Development Commission prior to December 30, 1976. Expressly exempts such projects from the California Environmental Quality Act and the Warren-Alquist State Energy Resources Conservation and Development Act. Financial impact: Would result in a one-time savings to state agencies of approximately $500,000 in personnel and operating expenses. ...