Entergy Completes Sale Of Palisades To Holtec International
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Show Notes
Entergy has completed the sale of the now-offline Palisades nuclear power plant. The site has been sold to Holtec International, the company that will handle the plant’s decommissioning. Holtec’s Pat O’Brien tells WSJM News the outfit specializes in several nuclear technologies and identified a need for decommissioning services some years ago.
“Really what we’re known for is we’re the worldwide leader in dry cask storage,” O’Brien said. “So, taking spent nuclear fuel and putting it in dry cask storage, and safely storing that at nuclear sites around the world.”
So, what’s the timeline for the Palisades decommissioning?
“The timeline for Palisades is about a 19 year timeline for decommissioning. Really the first three years, the target is to get all the spent fuel safely removed from the spent fuel pool and safely stored in dry cask storage.”
After that, there will be a ten year pause and the decommissioning will be wrapped up over a six year period with demolition at the very end. O’Brien says Holtec will draw from a decommissioning trust fund maintained for Palisades. The reason for the ten year pause once the fuel is removed is so that trust fund can grow. Holtec has worked on decommissioning nuclear plants in New York, New Jersey, and Massachusetts.
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