Le Lézard
Classified in: Oil industry, Business
Subject: LIC

Pilgrim License Transfer Approved by Nuclear Regulatory Commission

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.

Entergy Corporation Logo. (PRNewsfoto/Entergy Corporation)

"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.


SOURCE Entergy Corporation

These press releases may also interest you

at 00:01
Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") is pleased to announce John Boudreaux has joined ReconAfrica as Logistics and Procurement Manager for the...

23 fév 2020
Alberta. Strad Inc. ("Strad") and 2238399 Alberta Ltd. ("AcquireCo") (an entity formed for the purposes of the Arrangement (defined herein) at the control and direction of Lyle Wood, a director of Strad, Andrew Pernal, President and Chief Executive...

23 fév 2020
When it comes to energy markets and climate risks, the debate around energy transition has shifted from when it will happen to what it will look like. This is the focus of a new S&P Global Platts special report, Sustainability Shift - Oil's Future in...

23 fév 2020
Phoenix Contact, a digital industrial company is set to participate at the upcoming Middle East Energy Exhibition (formerly known as Middle East Electricity), the global energy platform. The Phoenix Contact stand will be located at booth number 6A10...

22 fév 2020
Biglari Holdings Inc.'s 2019 Annual Report to the shareholders has been posted on the Internet, where it can be accessed at www.biglariholdings.com.  The report includes Sardar Biglari's annual letter to shareholders. About Biglari Holdings Inc....

21 fév 2020
At its regular meeting held today, the Board of Directors of PNM Resources declared the regular quarterly dividend of $0.3075 per share on the company's common stock. The dividend is payable May 15, 2020, to shareholders of record at the close of...

News published on 23 august 2019 at 09:15 and distributed by: