Holtec will delay decommissioning work at the shuttered Oyster Creek Generating Station in Ocean Township, N.J., citing financial and operational factors, the company told the Nuclear Regulatory Commission recently.
In an annual decommissioning funding report, posted online Wednesday by NRC and dated March 31, Holtec, Jupiter, Fla., said it would delay cutting up the shuttered plant’s reactor pressure vessel because of “the effects of escalated inflation and labor.”
Holtec also wants a little more time to study the site and consider ways to minimize the waste created by cutting up the reactor pressure vessel, according to the report. The company is weighing “options based on industry lessons, learned and innovative technologies,” it said in the report.
Despite the rightward slide, Holtec still projects that much of the heavy lifting will be done at Oyster Creek by late 2029, at which time the company expects to have the site ready for partial release.
Holtec purchased the Oyster Creek plant from Exelon Corp. in 2019 for decommissioning.