Holtec International completed the acquisition of the Palisades Power Plant and the Big Rock Point site from Entergy Corporation today.
The Nuclear Regulatory Commission (NRC) approved the transfer of the Palisades Power Plant to Holtec International after the facility permanently shuts down in the spring of 2022. The approval also allows the transfer of Entergy’s decommissioned Big Rock Point facility near Charlevoix, Michigan, where only the Independent Spent Fuel Storage Installation (ISFSI) remains.
The year 2020 marked many milestones for Holtec, in spite of a global pandemic that has challenged us all.
Holtec International and Entergy Corporation have jointly submitted a License Transfer Application to the USNRC requesting approval to transfer the NRC license for the Palisades Power Plant to Holtec.
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.
(more…)