Hope Creek

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
Hope Creek Photo

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: ehummel@eda.gov

Economic Development District

Nuclear Regulatory Commission

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 info@decommissioningcollaborative.org.

Additional Information

New Jersey approves $300 million in nuclear subsidies; PSEG had threatened to close reactors

April 19, 2019

Another Expert Casts Doubt on Need For NJ To Subsidize Nuclear Plants

February 11, 2019

Ratepayer counsel says PSEG doesn’t need subsidies to keep nuke plants open

February 3, 2019

PSEG: Without subsidies, 3 Salem County nuclear plants will close

January 24, 2019

PSEG Drives Home Vow to Shutter Nuclear Plants Unless Public Subsidizes Them

January 23, 2019

PSEG says it will close its nuclear power plants unless lawmakers agree to raise bills – February 23, 2018

December 19, 2018

Nuclear subsidy program given green light by BPU – November 20, 2018

December 19, 2018

(802) 345-7044

info@decommissioningcollaborative.org

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