Today, the Nuclear Regulatory Commission (NRC) held a public meeting to consider the latest development in what has become a growing trend in the nuclear power industry – accelerating decommissioning by transferring licenses to third parties after a plant shuts down. The topic of today’s NRC meeting was to provide an overview of Entergy’s plan to sell and transfer the NRC licenses for the Vermont Yankee Nuclear Power Station – which permanently ceased operations at the end of 2014 – to NorthStar Group Services, Inc. , a company that specializes in nuclear decommissioning and environmental remediation. This meeting began the process by which the companies seek NRC approval of the transaction. Vermont Yankee Nuclear Power Station Why would anyone want to buy a nuclear plant? Because they can decommission it faster, with more certainty in schedule and costs,that’s why. In the nuclear decommissioning business, time is literally money. NRC regulations allow up to 60 years for compl...
Former blog for NEI featuring news and commentary on the commercial nuclear energy industry. Head to NEI.org for the latest blog posts.