Under the terms of the agreement, which is subject to regulatory approvals, Holtec will assume ownership of the site, real property and used nuclear fuel. As the site’s owner, Holtec will manage all site decommissioning and restoration activities.
“This landmark agreement is good news for Oyster Creek employees, the Lacey community and the state of New Jersey,” said Bryan Hanson, Exelon Generation’s chief nuclear officer. “Holtec’s commitment to the nuclear industry and its presence in New Jersey will allow many of our employees previously facing relocation to continue living and working in the Garden State.”
“It is with wistful pride that we, a New Jersey-born company which has spread around the globe, will take over the State’s oldest nuclear plant and decommission it with the latest technologies that will preserve the pristine New Jersey shore and accrete minimal dose to the workers. We hope to offer job opportunities to the many Oyster Creek-based Exelon employees who may wish to pursue exciting career opportunities with our company,” said Holtec’s President & CEO, Dr. Kris Singh.