Federal government OKs reducing Oyster Creek’s insurance by $1.5B
LACEY TOWNSHIP – The federal government has approved reductions in Oyster Creek Generating Station’s liability insurance by $1.45 billion, a little over three months since the nuclear plant shut down. The Nuclear Regulatory Commission issued exemptions to plant owner Exelon in December, clearing the way for reductions in off-site insurance by $350 million and on-site insurance by $1.1 billion that the company must hold for Oyster Creek.
About The Author
Jim Hamilton
Jim Hamilton is the Executive Director of The Nuclear Decommissioning Collaborative. Jim has over twenty-years of experience managing the entire life-cycle (siting, design, permitting, construction, closure, decommissioning, remediation and redevelopment) of large-scale manufacturing, energy and infrastructure facilities throughout North, Central and South America.