Grundy Reporter

Grundy Reporter

Thursday, October 17, 2019

DRESDEN NUCLEAR POWER STATION, UNIT 2: NRC Approves License Transfer for Oyster Creek Nuclear Power Plant

Local Government

By Press release submission | Jun 25, 2019


Dresden Nuclear Power Station, Unit 2 issued the following announcement on June 20.

The Nuclear Regulatory Commission has approved the transfer of the Oyster Creek Nuclear

Generating Station license from Exelon Generation Co. to Oyster Creek Environmental Protection,

as owner, and Holtec Decommissioning International, as decommissioning operator.

The three companies requested the license transfer in August 2018. Once the purchase is

finalized, as previously announced, OCEP and HDI plan to expedite decommissioning and

dismantling of the plant. The license transfer includes the dry cask spent fuel storage installation at

Oyster Creek. The NRC order approving the license transfer is effective immediately, but the

license transfer will not be finalized until the successful completion of the transaction between

Exelon, OCEP and HDI. At that point, the NRC will issue a license amendment reflecting

completion of the transfer.

Oyster Creek is a boiling water reactor located in Lacey Township, N.J. It permanently

ceased operations in September 2018.

In reviewing the license transfer application, the NRC staff considered OCEP’s and HDI’s

technical and financial qualifications, the adequacy of Oyster Creek’s decommissioning trust funds

to complete the radiological decommissioning of the plant, and the adequacy of plans to manage the

onsite storage of spent nuclear fuel until it can be removed for storage or disposal elsewhere. The

staff concluded that OCEP and HDI met the regulatory, legal, technical and financial requirements

necessary to qualify as licensees. The Commission on June 18 denied two requests for an

adjudicatory hearing challenging the license transfer.

The NRC order approving the transfer was issued June 20. The order and other documents

related to the review will be available through the NRC’s ADAMS online documents database at

accession number ML19095A454.

Original source can be found here.

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