Entergy Corporation today completed the sale of the subsidiary that owns the Pilgrim Nuclear Power Station to a Holtec International subsidiary.
The U.S. Nuclear Regulatory Commission yesterday approved the application to transfer the licenses for the Pilgrim Nuclear Power Station from Entergy Corporation to a Holtec International subsidiary for decommissioning, paving the way for completion of the plant’s sale to Holtec
Pilgrim Nuclear Power Station entered Phase I of plant decommissioning following safe removal of nuclear fuel from the reactor into the spent fuel pool, and NRC docketing of the certifications of permanent cessation of operations and permanent removal of fuel from the reactor on June 11. Approximately 270 site employees are being retained to perform post-shutdown operations.
Control room operators at Entergy's Pilgrim Nuclear Power Station shut down its reactor for the final time on Friday, at 5:28 p.m.
Entergy’s Pilgrim Nuclear Power Station was returned to normal, baseline oversight by the Nuclear Regulatory Commission this week, moving the plant from Column 4 to Column 1 in the agency’s Reactor Oversight Program.
Holtec’s process achieves site restoration decades sooner than if Entergy retained the plant.
Holtec plans to complete decommissioning and site restoration decades sooner than if Entergy completed decommissioning.
Move to a pure play utility continues.
Entergy 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.
Entergy Corporation (NYSE: ETR) announced today that it intends to refuel the Pilgrim Nuclear Power Station in Plymouth, Mass., next year to continue supplying power to New England, then cease operations on May 31, 2019. The decision narrows the previously announced shutdown timeframe of 2017-2019.
Entergy Corporation (NYSE: ETR) announced today that it will close its Pilgrim Nuclear Power Station in Plymouth, Mass., no later than June 1, 2019, because of poor market conditions, reduced revenues and increased operational costs. The company notified the independent system operator of the electric grid, the ISO New England Inc. (ISO-NE), that as of that date, Pilgrim would not participate as a capacity resource in the market. The exact timing of the shutdown depends on several factors, including further discussion with ISO-NE, and will be decided in the first half of 2016.