The company set to decommission Indian Point Energy Center in New York is now the plant’s official owner, according to a press release last week.
Holtec International completed its acquisition of the Buchanan, N.Y. nuclear plant from Entergy Friday, the company said Friday. Holtec subsidiary Holtec Indian Point, LLC now holds the site’s ownership and operations license. A separate subsidiary company, Holtec Decommissioning International, will take charge of dismantling the plant, the press release said.
After decommissioning Indian Point, the site will be “fit for commercial/industrial use” save for the dry storage pad housing the former plant’s spent fuel inventory, the press release said. Holtec hopes to ship Indian Point’s spent fuel to the company’s proposed consolidated interim storage facility in southeastern New Mexico — a project still under federal licensing review.
Holtec and Entergy were able to finalize Indian Point’s sale after the New York Public Service Commission May 19 approved a joint settlement agreement between the companies and the state of New York. According to the settlement agreement, approved unanimously by the public service commission, the state will drop a suit against the Nuclear Regulatory Commission in exchange for greater financial transparency and community engagement from Holtec as it decommissions the plant.
Indian Point marks Holtec’s third active decommissioning project. The Camden, N.J.-based nuclear services company is also dismantling Oyster Creek Generating Station in New Jersey and Pilgrim Nuclear Station in Massachusetts.
