Entergy Corp. and Holtec International, through their affiliates, asked the U.S. Nuclear Regulatory Commission (NRC) today to approve the sale of the Pilgrim Nuclear Power Station to Holtec after shutdown. Holtec plans to complete decommissioning and site restoration decades sooner than if Entergy completed decommissioning.
By Sandy Taylor
Vice-Chairman, CDI & President, Nuclear, SNC-Lavalin
Oct 15-19 marks Nuclear Science Week, an occasion to celebrate all aspects of nuclear science. From answering growing energy needs in a way that is clean and sustainable, to aiding in medical research towards diagnosing and curing diseases, nuclear science is crucial to our everyday lives. But what about safely disposing of nuclear generating facilities once they have reached the end of their lifespan? This is big business, and upwards of 200 reactors will reach their design lifespan in the next 20 years.
As reported in the media, Entergy Corp. (NYSE: ETR) has agreed to sell the subsidiaries that own the Pilgrim Nuclear Power Station in Plymouth, Massachusetts, and the Palisades Power Plant in Covert, Michigan, after their shutdowns and reactor defuelings, to a Holtec International subsidiary for accelerated decommissioning. The sales include the transfer of the licenses, spent fuel, and Nuclear Decommissioning Trusts (NDTs), as well as the site of the decommissioned Big Rock Point Nuclear Power Plant near Charlevoix, Michigan, where only the Independent Spent Fuel Storage Installation (ISFSI) remains. The transactions are subject to conditions to closing, including approvals from the U.S. Nuclear Regulatory Commission (NRC) of the license transfers.