Exelon

Cost overruns for core cleanup projects at the United Kingdom’s Sellafield nuclear site are expected to total £913 million ($1.16 billion), the House of Commons’ Public Accounts Committee said Wednesday. In a report on the U.K. Nuclear Decommissioning Authority’s efforts to reduce the risk left by former nuclear weapons and power operations at the complex […]

The Nuclear Regulatory Commission has approved Exelon’s request for an exemption to federal regulations so the power company can use part of the decommissioning trust for its Oyster Creek Nuclear Generating Station for related but otherwise prohibited cleanup operations. However, the exemptions will be effective only so long as Exelon owns the single-reactor plant in […]

Two members of Massachusetts’ congressional delegation on Monday demanded assurance that the planned sale and decommissioning of the Pilgrim Nuclear Power Station will not endanger the public’s safety or security. Sen. Ed Markey (D) and Rep. Bill Keating (D) made their case in letters to power company Entergy and energy technology firm Holtec International, respectively […]

Expediting decommissioning of the newly retired Oyster Creek Nuclear Generating Station in New Jersey could shave hundreds of millions of dollars from the price tag for the project, according to prospective buyer Holtec International. The New Jersey energy technology company wants to buy the power plant, which ended operations on Sept. 17, and then assume […]

The U.S. Nuclear Regulatory Commission is beginning the formal review of the license transfer application for the Oyster Creek Nuclear Generating Station in New Jersey from owner Exelon to planned owner Holtec International. The regulator informed Exelon by email Thursday that it had completed the acceptance review of the Aug. 31 application. The document was […]

By John Stang All used nuclear fuel has been removed from the newly retired reactor at the Oyster Creek Nuclear Generating Station in New Jersey, according to a Sept. 25 letter from plant owner Exelon to the U.S. Nuclear Regulatory Commission. The short message, submitted by Exelon Vice President for Licensing and Decommissioning Michael Gallagher, […]

All used nuclear fuel has been removed from the newly retired reactor at the Oyster Creek Nuclear Generating Station in New Jersey, according to a Sept. 25 letter from plant owner Exelon to the U.S. Nuclear Regulatory Commission. The short message, submitted by Exelon Generation Vice President for Licensing and Decommissioning Michael Gallagher, also provides […]

Decommissioning of the nearly retired Pilgrim Nuclear Power Station in Massachusetts could be largely complete in less than a decade if it can be sold, according to its owner and prospective buyer. Otherwise, the process could stretch on for decades, power company Entergy and energy technology firm Holtec International will tell the Nuclear Regulatory Commission […]

By John Stang Exelon at noon Monday officially retired its Oyster Creek Nuclear Generating Station in New Jersey ahead of what is anticipated to be an accelerated decommissioning. The boiling water reactor in Lacey Township became operational in December 1969, on the same day as the Nine Mile Point Nuclear Generating Station near Oswego, N.Y. […]

Exelon at noon Monday officially retired its Oyster Creek Nuclear Generating Station in New Jersey ahead of what is anticipated to be an accelerated decommissioning. The 650-megawatt boiling water reactor in Lacey Township became operational in December 1969, on the same day as the Nine Mile Point Nuclear Generating Station near Oswego, N.Y. Since Oyster […]

By John Stang A new approach to decommissioning the nearly retired Oyster Creek Nuclear Generating Station in New Jersey could save $200 million, according to owner Exelon and prospective buyer Holtec International. The plant’s single boiling-water reactor is scheduled to shut down on Monday. The two companies’ license transfer application was filed with the Nuclear […]

Less than one year before its scheduled closure, the Pilgrim Nuclear Power Station in Massachusetts remains in the Nuclear Regulatory Commission’s lowest safety ranking allowed for an atomic energy plant to continue operations. The NRC made the determination in its latest quarterly performance evaluation for the single-reactor facility in Plymouth, made public on Aug. 30. […]

The U.S. Nuclear Regulatory Commission last week received the application to transfer the operating license for the Oyster Creek Generating Station in New Jersey from owner Exelon to prospective buyer Holtec International. Spokespeople for the NRC and Holtec confirmed the application had been filed and said it should be publicly available this week. No additional […]

By John Stang Exelon and Holtec International aim by the end of this month to submit their application with the Nuclear Regulatory Commission to transfer the operating license for the soon-to-close Oyster Creek Generating Station in New Jersey. The two companies had initially hoped to submit the transfer application by Aug. 17. However, at an Aug. 15 […]

Exelon and Holtec international are expected within a matter of days to submit their application with the Nuclear Regulatory Commission for transfer of the license for the soon-to-close Oyster Creek Generating Station in New Jersey. Oyster Creek is one of three nuclear power plants Holtec plans to buy once they have ceased operations. Last week, […]

Exelon and Holtec international plan by Friday to submit their application with the Nuclear Regulatory Commission for the transfer of the license for the Oyster Creek Generating Station in New Jersey. The Chicago-based power company aims to sell the single-reactor facility in Lacey Township to Holtec, which would then be responsible for decommissioning and spent […]

By John Stang Holtec International announced this week it would buy three nuclear power plants set to close in coming months and years, then turn them over for decommissioning by a joint venture recently formed with a Canadian engineering corporation. On Tuesday, Chicago-based power company Exelon said it would sell its Oyster Creek Generating Station […]

Exelon Generation on Thursday reported a net income increase, on a generally accepted accounting principles basis, to $178 million in the second quarter of 2018, compared to a net loss of $235 million in the same period of 2017. Operating earnings were up year over year from $217 million to $331 million. Exelon Generation is […]

Holtec International said Tuesday it plans to acquire the soon-to-close Oyster Creek Generating Station in New Jersey for decommissioning, which would be conducted by its new joint venture with SNC-Lavalin. If the deal goes through, Comprehensive Decommissioning International would begin decommissioning in 2019 and aim to complete work in eight years. That would dramatically accelerate […]

Department of Energy contractor Fluor will discuss its quarterly performance during a conference call with financial analysts at 5:30 p.m. Eastern time Thursday. Financial results for the second quarter, which ended June 30, will be reported at market close before the call. The Irving, Texas-based construction and engineering company is coming off a rough first […]

By John Stang The U.S. Nuclear Regulatory Commission has approved exempting the Oyster Creek Generating Station in New Jersey from some emergency planning requirements following its closure this fall. In individual votes cast between July 5 and July 11, four of the five commissioners approved Oyster Creek owner Exelon’s entire request to forgo some emergency preparedness […]

By John Stang The U.S. Nuclear Regulatory Commission has determined there would be no significant environmental impact in approving the license termination plan for the Zion Nuclear Power Station in Illinois. Agency staff on June 25 issued an environmental assessment and finding of no significant impact (FONSI) for the 2014 request from ZionSolutions, a subsidiary […]

By John Stang The U.S. Nuclear Regulatory Commission aims to collect information to determine whether any aspects of decommissioning the soon-to-retire Oyster Creek nuclear power plant should be studied to obtain long-term knowledge about other reactor operations. Owner Exelon plans in September to close the single-reactor facility in Lacey Township, N.J., a month ahead of […]

Exelon expects to spend nearly $1.5 billion over more than six decades for decommissioning, spent fuel management, and site restoration of its soon-to-close Oyster Creek Nuclear Generating Station in New Jersey. The power company’s Exelon Generation subsidiary will close the single-reactor power plant by Oct. 31 of this year – more than a year earlier […]

New Jersey on Wednesday joined New York state and Illinois in offering zero-emission credits to prevent closure of nuclear power plants. New Jersey Gov. Phil Murphy on Wednesday signed Senate Bill 2313, which will make credits available to nuclear facilities that can show they significantly benefit the state’s air quality and could be forced to […]

SAVANNAH, Ga. — The Nuclear Regulatory Commission should next week receive agency staff’s proposed rule package for nuclear power reactors transitioning from operations to decommissioning, a senior official said Wednesday. The proposal is going through its final concurrence process by NRC offices, and as of this week was at the Office of the Executive Director […]

Zero-emissions credits for Exelon’s nuclear power operations in Illinois and New York state boosted the company’s earnings in the first quarter of 2018, but net income nonetheless dropped on a year-over-year basis. In its latest earnings report, the company said Wednesday generally accepted accounting principles (GAAP) net income dropped from $990 million ($1.06 per share) […]

FirstEnergy Corp. and its subsidiaries should be found in breach of their federal regulatory requirement to ensure they can fund decommissioning of three nuclear power plants scheduled for closure in coming years, a nongovernmental environmental organization said in a petition to the U.S. Nuclear Regulatory Commission. Saying the facilities were no longer economically viable, FirstEnergy […]

The U.S. Nuclear Regulatory Commission is preparing a new strategic plan to guide its operations from fiscal years 2018 to 2022. The is the seventh volume of the regulator’s strategic plan, which must be updated every four years, and is not a major departure from the document covering fiscal 2014 to 2018, according to an […]

An AREVA Nuclear Materials-NorthStar Group Services joint venture no longer expects to seal the deal in 2017 on its first acquisitions of nuclear plants for decommissioning, an executive said this week. The two companies in February announced the formation of Accelerated Decommissioning Partners, which would buy closed nuclear plants and take charge of decommissioning, site […]