BUCHANAN, N.Y., April 14, 2021 /PRNewswire/ -- Subsidiaries of
Entergy Corporation and Holtec International, along with the
New York State Department of
Public Service Staff, the New York
State Office of the Attorney General, the New York State Department of Environmental
Conservation, the New York State
Energy Research and Development Authority, the New York State Division of Homeland Security
and Emergency Services, Westchester
County, Hendrick Hudson School District, Town of Cortlandt, Village of Buchanan, Riverkeeper, Inc., and
the Public Utility Law Project of New
York, Inc, today filed a Joint Proposal with the New York
Public Service Commission, which reflects a comprehensive
settlement of the issues raised in the proceeding concerning the
proposed post-shutdown transfer of Indian Point to subsidiaries of
Holtec for decommissioning. The parties to the Joint Proposal
recommend that the PSC adopt the proposal and approve the
post-shutdown transfer of Indian Point from Entergy to Holtec.
Entergy and Holtec have requested a decision on the Joint
Proposal in May.
Entergy and Holtec previously filed a petition with the New York
PSC concerning the proposed transfer of Indian Point and a license
transfer application with the U.S. Nuclear Regulatory Commission in
November 2019. The NRC approved the
license transfer in November
2020.
Among other issues, the Joint Proposal resolves issues of
financial assurance, site restoration, financial reporting,
continued funding for state and local emergency management and
response activities, a memorandum of understanding with local
taxing jurisdictions concerning property taxes, and the dismissal
of the D.C. Circuit litigation relating to Indian Point transfers
by the State and local entities who are parties to the litigation
and signed the Joint Proposal.
"The difficult but necessary decision we made four years ago to
shut down the safely and securely operated Indian Point Energy
Center was hardest on our dedicated and professional employees,"
said Leo Denault, Entergy's Chairman
and Chief Executive Officer. "I want to thank the team at Indian
Point for their service and for finishing strong."
"We are pleased to have reached a comprehensive and equitable
agreement relative to the prompt decommissioning of Indian Point
with the many stakeholders who were involved in the process," added
Denault.
The sale of Indian Point following its permanent shutdown will
benefit the community by enabling the facility to be removed and
the site remediated decades sooner than otherwise thought
possible.
Indian Point Unit 2 shut down on April
30, 2020. Indian Point Unit 3 will shut down by April 30, 2021.
"Holtec is pleased to have found common ground and reached
consensus with the State of New
York, and the interested parties, on a Joint Petition that
supports the prompt, safe, and efficient decommissioning of Indian
Point," said Holtec's President and Chief Executive Officer, Dr.
Kris Singh. "Our commitment to be a
good neighbor and shared goal of protecting the health and safety
of the public and the environment, were key to reaching agreement
on a number of issues. This joint proposal provides for additional
financial assurance, oversight as well as environmental protections
that serve to mitigate risk and protect the interests of the local
communities and citizens of New
York."
Holtec, with experience performing prompt decommissioning at
other sites, plans to begin the decommissioning process at Indian
Point promptly upon taking ownership and expects to release most of
the site for re-use by the 2030s, as much as 40 years sooner than
if Entergy continued to own the facility. As part of the agreement
between the companies, Holtec will initially provide job
opportunities for over 300 of Entergy's current employees at Indian
Point and it also has agreed to honor the collective bargaining
agreements that apply to current employees.
Background Information
Entergy Corporation (NYSE: ETR) is an integrated energy company
engaged in electric power production, transmission, and retail
distribution operations. Entergy delivers electricity to 3 million
utility customers in Arkansas,
Louisiana, Mississippi, and Texas. Entergy owns and operates one of the
cleanest large-scale U.S. power generating fleets with
approximately 30,000 megawatts of electric generating capacity,
including 8,000 megawatts of nuclear power. Headquartered in
New Orleans, Louisiana, Entergy
has annual revenues of $10 billion
and more than 13,000 employees. Learn more at entergy.com and
follow @Entergy on social media.
Holtec International is a privately held technology company with
operation centers in Florida,
New Jersey, Ohio, and Pennsylvania in the U.S., and globally in
Brazil, Canada, India, Japan,
Mexico, South Africa, Spain, U.K., and Ukraine. Since the 1980s, Holtec has played a
preeminent role in the industry by expanding the wet spent fuel
storage capacity at over 110 reactor units worldwide. Over 130
global nuclear units rely on Holtec's technology for spent fuel
storage and transportation. Holtec develops and implements
innovative solutions to overcome technical challenges faced by its
clients around the world. HI-STORE, the world's first below-ground
Consolidated Interim Storage Facility, is currently undergoing
licensing for deployment in New
Mexico. Holtec's SMR-160, a 160-Megawatt small modular
reactor, will provide safe, secure, dependable, affordable, and
carbon-free power even in the world's most arid regions. Holtec is
also dedicated to the safe and efficient decommissioning of
shuttered nuclear plants. Holtec's approach to decommissioning is
to begin and complete the physical work of decontamination and
dismantlement decades sooner than if the current nuclear plant
owner retains ownership of the plant. As a major supplier of
special-purpose pressure vessels and critical-service heat exchange
equipment, Holtec provides air-cooled condensers, steam generators,
feedwater heaters, and water-cooled condensers. As a fully
integrated supplier, Holtec possesses in-house capabilities to
design, engineer, analyze, license, fabricate and construct these
technologies.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/entergy-holtec-and-other-parties-file-joint-proposal-with-nys-public-service-commission-requesting-approval-of-post-shutdown-transfer-of-indian-point-301269293.html
SOURCE Entergy Corporation