Entergy sells Indian Point Energy Center to Holtec subsidiary
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Entergy sells Indian Point Energy Center to Holtec subsidiary

31 May 2021 (Last Updated May 31st, 2021 11:58)

Holtec’s subsidiary plans to complete decommissioning activities at the site decades sooner.

Entergy sells Indian Point Energy Center to Holtec subsidiary
Holtec possesses technical and financial capabilities to own and decommission Indian Point safely. Credit: Entergy Corporation.

US-based Entergy has concluded the sale of the subsidiaries, which own Indian Point Energy Center, to a Holtec International subsidiary.

In April 2019, Entergy and Holtec announced the sale of Indian Point Energy Center.

In November the same year, the companies filed an application with the US Nuclear Regulatory Commission (NRC) for the transfer of its NRC licenses to Holtec.

The transfer was later approved by the New York State Public Service Commission this month.

Entergy chairman and CEO Leo Denault said: “We thank all our employees at Indian Point for operating a safe, secure and reliable plant for more than 20 years under Entergy’s ownership, and we look forward to many of them continuing on with Entergy at new locations.

“With our previously announced agreement for the post-shutdown sale of Palisades nuclear power plant in 2022, we remain on track to complete our exit from nuclear power operations in merchant markets.”

With the completion of the deal, Holtec subsidiary plans to complete decommissioning activities at the site decades sooner, if Entergy continued to own the facility.

Both, US NRC and the New York State Public Service Commission have identified that Holtec has the technical and financial capabilities to own and decommission Indian Point safely as per the regulatory requirements.

Holtec president and CEO Dr Kris Singh said: “Protecting public health and safety and the environment is the foundation upon which the Indian Point decommissioning programme will be carried out.

“The cutting-edge technologies that we have employed at Pilgrim and Oyster Creek to ensure maximum worker and environmental safety and wellbeing of the local communities will be employed at Indian Point to secure the same excellent outcomes that we continue to achieve at other plants in our fleet.”

Last month, Entergy announced the shutdown of Unit 3, which was the final operating unit at the site, and generated electricity safely and reliably for more than four decades.