PLYMOUTH, Mass., Aug. 23, 2019 /PRNewswire/ -- The U.S. Nuclear
Regulatory Commission yesterday approved the application to
transfer the licenses for the Pilgrim Nuclear Power Station from
Entergy Corporation (NYSE: ETR) to a Holtec International
subsidiary for decommissioning, paving the way for completion of
the plant's sale to Holtec. The companies jointly filed
a License Transfer Application with the NRC in November 2018, requesting approval for the
transfer of Pilgrim, along with the plant's Nuclear Decommissioning
Trust (NDT) and decommissioning liability, to Holtec.
"The sale of Pilgrim is another important milestone in Entergy's
exit from merchant power markets, with previously announced signed
agreements for the sale of Indian Point and Palisades following
shutdowns in 2021 and 2022, respectively," said Entergy's Chairman
and Chief Executive Officer Leo
Denault. "We thank all of our employees at Pilgrim for their
dedication and service over many decades, and we wish the best to
all of those who are transitioning to work on decommissioning the
Pilgrim nuclear facility. Community stakeholders and transitioning
employees will benefit from a facility that is promptly dismantled
and decommissioned safely."
In its order, the NRC found that Holtec possesses the required
technical and financial qualifications to own and decommission
Pilgrim safely and in accordance with all NRC requirements.
About Pilgrim Nuclear Power Station and
Entergy
The Pilgrim Nuclear Power Station currently employs about 230
people. Pilgrim began generating electricity in 1972 and was
permanently shut down on May 31,
2019. Entergy purchased the plant in 1999 from Boston
Edison. Additional information is available at
pilgrimpower.com.
Entergy Corporation is an integrated energy company engaged
primarily in electric power production and retail distribution
operations. Entergy owns and operates power plants with
approximately 30,000 megawatts of electric generating capacity,
including 9,000 megawatts of nuclear power. Entergy delivers
electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of
$11 billion and nearly 13,700
employees. Additional information is available at entergy.com.
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SOURCE Entergy Corporation