Entergy Says Pilgrim Nuclear Power Station Shut Down Permanently
June 03 2019 - 09:07AM
Dow Jones News
By Michael Dabaie
Entergy Corp. (ETR) said the Pilgrim Nuclear Power Station has
been shut down permanently.
The decision to shut down Pilgrim was the result of a number of
financial factors, including low wholesale energy prices, Entergy
said Monday.
Control room operators at the Pilgrim station in Plymouth,
Mass., shut down its reactor for the final time Friday, the company
said.
The closure is part of Entergy's exit of the merchant power
business, as the company transitions to a pure-play utility
business, Entergy said.
Entergy said more than 50 employees from Pilgrim have accepted
offers to continue with the company in other locations.
In August, Entergy said it would sell the subsidiary that owns
Pilgrim to a Holtec International subsidiary, a decommissioning
specialty company. Regulatory approval and closing of the
transaction are targeted for 2019.
Entergy said its remaining operating nuclear power plants in
merchant power markets--Indian Point Unit 2 and Unit 3 in New York,
and Palisades Power Plant in Michigan--are scheduled to be shut
down in 2020, 2021, and 2022, respectively.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
June 03, 2019 08:52 ET (12:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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