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.