Basic Facts:
- Location: Lower Alloways Creek, New Jersey
- Owner: PSEG
- Operator: PSEG
- Construction Cost: $10.3B (2018$)
- Plant Output: 1,200 MW
- Property Size: 740 acres
- Status: At Risk of Closure
- Employees: 700
- Expected Shut Down Date: 2046
- Current DTF Balance: $560M (2018$)
- DTF Balance Prior to Decommissioning: $1.0B (2018$)
- Decommissioning Cost Estimate: $1.1B (2018$)
- Spent Nuclear Fuel on Site: 807 metric tons
Background
The Hope Creek nuclear power station consists of a single boiling water reactor. Construction began in 1976 with licensed operations commencing in 1986.
In 2011, the Nuclear Regulatory Commission granted Hope Creek a twenty-year operating license renewal. Its licensed operational life extends to 2046.
Socioeconomics
The Hope Creek nuclear power plant is located within Salem County, New Jersey. As of 2016, socioeconomic information is as follows:
- Population: 63,000
- Per Capita Annual Income: $47,000
- Unemployment rate (not seasonally adjusted): 5.1%
Contact Information
Economic Development Administration Representative:
- Edward Hummel, Philadelphia Regional Office, t: (215) 316-2124, e: [email protected]
Economic Development District
Nuclear Regulatory Commission
- Diane Screnci, Sr. Public Affairs Officer, t: (610) 337-5330, e: [email protected]
- Hope Creek Generating Station
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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PSEG to consider nuclear plant investments, capitalizing on the IRA’s production tax credits, CEO saysListen to the article 4 min Public Service Enterprise Group will consider “small but important value-added investments” at its nuclear plants, capitalizing on production tax credits in the Inflation Reduction Act, President and CEO Ralph LaRossa said Tuesday.
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Read MoreBoard was right to allow $300M nuclear subsidy, appeals court rules
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Read MorePSEG says without $300M ratepayer nuclear subsidy, it will close South Jersey plants
PSEG says $300M nuclear subsidy is crucial | NJ Spotlight News Company goes before Board of Public Utilities again as it seeks to retain subsidy for another three years Public Service Enterprise Group told state officials it will close its three nuclear units in South Jersey if it does not retain a lucrative annual ratepayer […]
Read MorePSEG: Subsidize NJ nuclear plants or we’ll close them, rely on fossil fuels
PSEG: Subsidize NJ nuclear plants or we’ll close them, rely on fossil fuels
Read MoreLatest tussle over $300M nuclear subsidies rests on financial viability of the units
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