Indian Point / Holtec And Entergy Submit Application For Licence Transfer

By David Dalton
26 November 2019

Holtec And Entergy Submit Application For Licence Transfer
The Indian Point nuclear power station in New York state.
Holtec International and Entergy Corporation have submitted a licence transfer application to the US Nuclear Regulatory Commission for approval to transfer licences for the Indian Point nuclear power station in New York state to Holtec after the last unit permanently shuts down by 30 April 2021.

If the licence transfer is approved, New Jersey-based Holtec would assume ownership of the site and decommissioning would begin. Holtec estimates decommissioning would be completed in the 2030s.

In April, Entergy Corporation agreed to sell its subsidiaries that own Indian Point to a Holtec International subsidiary for decommissioning.

The sale, which will be effective after Indian Point-3 has been shut down and permanently defueled, includes the transfer of the licences, spent fuel, decommissioning liabilities, and nuclear decommissioning trusts for the station’s three units.

Comprehensive Decommissioning International, a joint venture between Holtec and Canada’s SNC-Lavalin, plans to begin decommissioning work at Indian Point decades sooner than if Entergy had continued to own the units.

SNC-Lavalin said in April that it expects the value of the contract to exceed $750m.

If the deal is finalised, Indian Point would join Holtec’s growing fleet of decommissioning plants.

The NRC has already approved licence transfer applications for the single unit Oyster Creek nuclear station in New Jersey from Exelon to Holtec and for the single-unit Pilgrim nuclear station in Massachusetts from Entergy to Holtec. Both plants have already been permanently shut down.

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