FAQs

  • When will Unit 2 and 3 shut down?

    Unit 2 will shut down by April 30, 2020. Unit 3 will shut down by April 30, 2021.

  • When does Holtec expect to acquire title of Indian Point?

    Holtec and Entergy filed a license transfer application with the NRC in November 2019. The companies have also requested an order from the New York State Public Service Commission (PSC) disclaiming jurisdiction or, alternatively, approving the transaction. Closing is also conditioned on obtaining from the New York State Department of Environmental Conservation (DEC) an agreement confirming Holtec’s decommissioning plans as being consistent with applicable standards. Pending these regulatory approvals, transaction closing is anticipated in the second quarter of 2021.

  • How many years would decommissioning take?

    Holtec submitted a Post-Shutdown Decommissioning Activities Report (PSDAR) and a Decommissioning Cost Estimate in December 2019. The PSDAR provides a detailed timetable for the project with partial site release expected within 12-15 years.

  • Is there enough money available in the Nuclear Decommissioning Trust Funds?

    Based off its Decommissioning Cost Estimate (DCE), Holtec is confident that sufficient funding is available to safely complete decommissioning. Management and use of the Nuclear Decommissioning Trust Funds (DTFs) are regulated by the Nuclear Regulatory Commission. Though the DTFs are expected to continue to grow, NRC regulations only allow licensees to assume a conservative minimum two percent real rate of return which takes inflation and other cost increases into consideration. In addition, licensees are required to submit an annual report to the NRC on decommissioning costs. If the NRC believed the DTFs are insufficient, they can impose restrictions if the balance were to be off significantly — the NRC could ask to stop work or require additional funding into the DTFs before decommissioning work can proceed.

  • If the Nuclear Regulatory Commission approves the use of Nuclear Decommissioning Trust Funds money for spent fuel management and these costs are reimbursed by the Department of Energy (DOE), does the DOE reimbursement go back into the trust fund?

    The cash flow analyses submitted by Holtec are conservative in that they do not assume that any costs recovered from the DOE (through litigation or settlement) will be deposited back into the trust fund. Even without taking credit for these DOE recovered costs, the cash flow analyses demonstrate that there are more than sufficient funds in the IPEC DTFs to pay for all estimated license termination/radiological decommissioning, spent fuel management, and site restoration costs.

  • Do the ratepayers get any money that is left in the Nuclear Decommissioning Trust Funds after decommissioning has been completed?

    The Nuclear Decommissioning Trust Funds (DTFs) were transferred to Entergy (and will be transferred to Holtec if the proposed transaction is consummated) as consideration for its assumption of the liability and risks of decommissioning. Since Entergy’s acquisition of Indian Point, New York ratepayers have not borne, and today do not bear, the risk regarding the adequacy of the DTFs relative to the eventual costs of decommissioning. Consistent with that allocation of risk, any DTFs remaining after all financial obligations to complete decommissioning have been satisfied will remain with the owner of the trust.

  • What are Holtec’s plans for Indian Point’s workforce after it takes ownership?

    Any current IPEC employee who wants to remain with Entergy through shutdown of Unit 3 in 2021 is able to do so (Unit 2 shuts down in 2020). Entergy has committed to finding a position within the company for any qualified IPEC employee who is willing to relocate. Entergy is also preparing to staff the Phase 1 decommissioning organization with current Indian Point employees. The Holtec team has committed to offering employment to all Phase 1 employees, which will be more than 300 individuals, pending regulatory approval and transaction close. Holtec will also honor all existing collective bargaining agreements.

  • Will Holtec import contractors from outside the area or use non-union contractors to perform decommissioning?

    Holtec’s decommissioning team has a National Labor Agreement (NLA) in place with the Laborers’ International Union of North America, Operating Engineers of North America and the International Brotherhood of Electrical Workers. Working through these unions, local union halls near Indian Point have been identified to provide the necessary skilled labor needed to safely execute and complete decommissioning.

  • How will emergency planning change at Indian Point after shutdown?

    Changes to the Indian Point emergency plan will be made with NRC approval, corresponding with the reduced risk of an event at the site through the various stages of decommissioning. After Unit 3 is shut down and the reactor is permanently defueled, the risk of an event significantly decreases and the Emergency Planning Zone (formerly a 10-mile radius around the plant) is eventually reduced to the site boundary with NRC approval of the Emergency Plan change. There are still emergency procedures station employees must follow, but they are primarily based on industrial risk, not radiological risk. Any proposed changes would be consistent with other decommissioning plants and require approval by the NRC.

  • When will spent fuel be moved out of the spent fuel spools and into dry cask storage? How many casks will be used to hold all of Indian Point’s spent nuclear fuel?

    All spent nuclear fuel will be moved out of the spent fuel pools and into dry cask storage by the end of 2024; there will be 125 casks in dry storage by the end of 2024.

  • Will the ground water at Indian Point continue to be monitored for tritium?

    Yes, monitoring of ground water will be maintained throughout decommissioning and up to the point of the NRC approved partial site release.

  • How will Holtec transport the pieces of the plant after they tear it down?

    Each material and waste type will be managed on site, prepared for shipment and transported in accordance with New York Department of Transportation and U.S. Department of Transportation requirements.

  • Where will the pieces of the plant be sent? Where will any contaminated soil be sent?

    All management of materials from the site will meet New York State Department of Environmental Conservation, New York Department of Transportation, U.S. Nuclear Regulatory Commission and U.S. Department of Transportation requirements. This ensures that all material is managed in accordance with the material category (Solid Waste, Recyclables/Reusables, Hazardous Waste and Radioactive Waste). Final disposition will occur at permitted, licensed and registered facilities.

  • If a barge is used, what happens if the barge sinks?

    The types of materials that can be transported by barge are tightly controlled. This includes specific containment requirements, transport safety features, limitation on shipping routes and impacts from weather conditions. In addition, there is required backup equipment for towing and managing buoyance, so that in the unlikely event of a transportation incident, the material will be contained or able to proceed to a safe location for further management.

  • If a truck is used, what happens if there is a major accident and irradiated material is released?

    All materials and waste type will be prepared and transported in accordance with both New York and United States Department of Transportation requirements. These requirements ensure that any hazardous materials are controlled and monitored during transport, designated emergency procedures are in place for response to accidents and any high hazard materials have containers designed to prevent release in accident conditions.

  • What is Holtec’s plan for the Indian Point site after it has completed decommissioning?

    Holtec has no immediate plans for the site at this time. If and when the sale of Indian Point is completed, Holtec looks forward to partnering with the local community about possible future uses.