James A. FitzPatrick Nuclear Power Plant Joins Exelon Generation Nuclear Fleet
March 31 2017 - 9:53AM
Business Wire
Joseph Pacher named as new Site Vice
President
Exelon Generation, owner of the nation’s largest nuclear energy
fleet, today announced it has assumed ownership and management of
operations of the James A. FitzPatrick Nuclear Power Plant in
Scriba, NY.
“We look forward to bringing FitzPatrick’s highly skilled team
of professionals into the Exelon Generation nuclear program, and to
continue delivering to New York the environmental, economic and
grid reliability benefits of this important energy asset,” said
Chris Crane, president and CEO of Exelon. “We applaud Governor
Cuomo and his administration for their vision and leadership in
adopting the Clean Energy Standard, which made possible this
agreement that has saved thousands of jobs, brought reinvestment of
hundreds of millions of dollars and positioned New York as a
national leader in clean energy.”
With the transaction completed, Exelon Generation named a new
site vice president, Joseph Pacher, who was formerly site vice
president at R.E. Ginna Nuclear Power Plant. The former site vice
president of FitzPatrick, Brian Sullivan, was retained by Entergy
as part of the original transaction agreement.
“Joe knows the Exelon Management Model well and led Ginna during
its transition into the Exelon Generation fleet in 2014,” said
Bryan Hanson, chief nuclear officer, Exelon Generation. “We are
confident that his leadership will ensure a smooth transition for
employees and the community, as FitzPatrick continues to deliver
safe, clean and reliable electricity to the regional power
grid.”
Entergy and Exelon announced the transaction on Aug. 9, 2016,
after the Clean Energy Standard (CES) was adopted in New York. The
CES is credited with saving the $3 billion that nuclear plants
contribute annually to the state’s economy and 25,000 direct and
indirect jobs, while spurring hundreds of millions of dollars in
investments in energy infrastructure. Without the CES, the
FitzPatrick facility was slated for closure and other upstate
nuclear plants would also have been at risk of closure.
Under the agreement totaling $110 million, Entergy transferred
FitzPatrick’s operating license to Exelon Generation, along with
the plant’s decommissioning trust fund and liability. Exelon does
not anticipate any immediate change to staffing levels at the
plant, which normally employs about 600 people.
The transaction received regulatory review and approval by state
and federal agencies, including the U.S. Department of Justice, the
Nuclear Regulatory Commission, the Federal Energy Regulatory
Commission and the New York State Public Service Commission.
Acquiring FitzPatrick aligns with Exelon’s broader efforts to
preserve the nation’s existing nuclear energy facilities and the
environmental, economic and reliability benefits they provide. New
York’s nuclear plants reliably provide nearly two-thirds of the
state's carbon-free electricity around the clock. Replacing
economically challenged nuclear units would require more fossil
fuel generation, which would significantly increase carbon
emissions in the state, making it far more difficult and expensive
for customers and the state to meet their emissions reduction
goals.
The 838-megawatt James A. FitzPatrick Nuclear Power Plant
generates carbon-free electricity for more than 800,000 homes and
businesses.
Exelon Generation operates two other nuclear energy facilities
in upstate New York: R.E. Ginna and Nine Mile Point, the latter of
which is adjacent to FitzPatrick. Together, Exelon’s three upstate
plants provide carbon-free electricity to more than 3 million homes
and businesses while employing more than 2,100 full-time
workers.
Exelon Generation, a subsidiary of Exelon Corporation (NYSE:
EXC), is one of the largest, most efficient clean energy producers
in the U.S., with a generating capacity of more than 33,300
megawatts. Exelon Generation operates the largest U.S. fleet of
carbon-free nuclear plants with 20,200 megawatts of capacity from
23 reactors at 14 facilities in Illinois, Maryland, New Jersey, New
York and Pennsylvania. Exelon Generation also operates a diverse
mix of wind, solar, landfill gas, hydroelectric, natural gas and
oil facilities in 16 states with more than 13,100 megawatts. Exelon
Generation has an industry-leading safety record and is an active
partner and economic engine in the communities it serves by
providing jobs, charitable contributions and tax payments that help
towns and regions grow. Follow Exelon Generation on Twitter
@ExelonGen and @ExelonNuclear, view the Exelon Generation channel
on YouTube, and visit:
http://www.exeloncorp.com/companies/exelon-generation.
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version on businesswire.com: http://www.businesswire.com/news/home/20170331005457/en/
Lacey DeanExelon Generation
Communications610-765-5530lacey.dean@exeloncorp.com
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