Pilgrim License Transfer Approved by Nuclear Regulatory Commission

PLYMOUTH, MA (STL.News) – The U.S. Nuclear Regulatory Commission Thursday approved the application to transfer the licenses for the Pilgrim Nuclear Power Station from Entergy Corporation (NYSE: ETR) to a Holtec International subsidiary for decommissioning, paving the way for completion of the plant’s sale to Holtec.  The companies jointly filed a License Transfer Application with the NRC in November 2018, requesting approval for the transfer of Pilgrim, along with the plant’s Nuclear Decommissioning Trust (NDT) and decommissioning liability, to Holtec.

“The sale of Pilgrim is another important milestone in Entergy’s exit from merchant power markets, with previously announced signed agreements for the sale of Indian Point and Palisades following shutdowns in 2021 and 2022, respectively,” said Entergy’s Chairman and Chief Executive Officer Leo Denault.  “We thank all of our employees at Pilgrim for their dedication and service over many decades, and we wish the best to all of those who are transitioning to work on decommissioning the Pilgrim nuclear facility.  Community stakeholders and transitioning employees will benefit from a facility that is promptly dismantled and decommissioned safely.”

In its order, the NRC found that Holtec possesses the required technical and financial qualifications to own and decommission Pilgrim safely and in accordance with all NRC requirements.