NYC-area nuclear plant sale for decommissioning is approved

BUCHANAN, N.Y. — The Nuclear Regulatory Commission’s staff have approved the sale of the Indian Point nuclear power plant north of New York City to a New Jersey company for dismantling, despite petitions from state and local officials to hold public hearings before taking action.

The five-member NRC said Monday that it expects to issue an order next Monday allowing the plant’s owner, Entergy Corp., to transfer its license to Holtec Decommissioning International, which plans to demolish the plant by the end of 2033 at a projected cost of $2.3 billion.

The staff also approved Holtec’s request to use part of a $2.1 billion trust fund set aside for decommissioning to manage spent nuclear fuel stored in dozens of steel-and-concrete canisters that will remain on the site. New York Attorney General Letitia James has called the Holtec deal “very risky,” questioning Holtec’s financing and experience.

The Unit 2 reactor at

Read More