Fermi 2

Basic Facts:

  • Location: Newport, Michigan
  • Owner: DTE Energy
  • Operator: DTE Energy
  • Construction Cost: $7.5B (2018$)
  • Plant Output: 1,200 MW
  • Property Size: 1,200 acres
  • Status: Operational
  • Employees: 850
  • Expected Shut Down Date: 2045
  • Current DTF Balance: $1.3B (2018$)
  • DTF Balance Prior to Decommissioning: $2.2B (2018$)
  • Decommissioning Cost Estimate: $ 1.1B (2018$)
Fermi 1 Photo

Background

The Enrico Fermi nuclear power station consists of a single boiling water reactor. Construction began in 1972 with licensed operations commencing in 1988.

In 2016, the Nuclear Regulatory Commission granted a twenty-year renewal license for Fermi 2 extending its operational life to 2045.

Socioeconomics

The Enrico Fermi nuclear power plant is located within Monroe County, Michigan. As of 2016, socioeconomic information is as follows:

  • Population: 150,000
  • Per Capita Annual Income: $43,000
  • Unemployment rate (not seasonally adjusted): 4.5%

The Fermi nuclear facility is valued at approximately $400M and contributes approximately $8M in property taxes to Monroe County, of which is comprises 48 percent of the budget.

Contact Information

Economic Development Administration Representative:

University Center

Nuclear Regulatory Commission Contact

Unless specific costing information has been provided, decommissioning costs were derived from 2017 Decommissioning Funding Status Report.
Information herein obtained from public sources. Corrections are welcome and may be directed to [email protected].

Additional Information

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(802) 345-7044

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