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New York approves Indian Point sale after Holtec sets up trust to cover cost of cleanup

/ News, Planning & Economic Development /

New York approves Indian Point sale after Holtec sets up trust to cover cost of cleanup The state Public Service Commission has O.K.’d the sale of the Indian Point nuclear power facility to Holtec International subsidiaries, a key step in a protracted round of approvals needed to lock up the sale. The PSC’s approval came […]

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Local communities struggle with closures as Indian Point shuts down

/ News, Planning & Economic Development / , ,

Local communities struggle with closures as Indian Point shuts down A nuclear plant closure can leave a deep hole in local finances, thousands of well paid, highly skilled workers out of a job and retiring or migrating to other parts of the country, and cause a rise in respiratory problems as pollutant-spewing alternatives are brought

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Palisades Power Plant employees prepare for last year on the job

/ News, Planning & Economic Development, Plant News /

Palisades Power Plant employees prepare for last year on the job COVERT – In less than 400 days, Palisades Power Plant in Covert will stop producing nuclear power. But activities at the plant will be far from over. The plant will close for operation by May 31, 2022, but then the decommissioning process will begin.

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Despite state officials’ worries, NJ approves bailout for PSEG nuclear plants

/ News, Planning & Economic Development, Plant News / ,

Despite state officials’ worries, NJ approves bailout for PSEG nuclear plants The New Jersey Board of Public Utilities approved PSEG’s bid for a second round of $300 million in annual subsidies, which it argued is vital to keep its nuclear plants open, in spite of personal reservations and skepticism from several of the state’s commissioners.

Despite state officials’ worries, NJ approves bailout for PSEG nuclear plants Read More

Gillibrand seeks funding for Indian Point towns after plant shuts down

/ News, Planning & Economic Development /

Gillibrand seeks funding for Indian Point towns after plant shuts down U.S. Sen. Kirsten Gillibrand is backing a measure that would provide $175 million annually to communities like those around Indian Point and others that will be burdened with spent nuclear waste after the power plants shutdown.

Gillibrand seeks funding for Indian Point towns after plant shuts down Read More

What ratepayers will pay in subsidies for NJ’s nuclear power plants

/ News, Planning & Economic Development / ,

What nuclear subsidies will cost ratepayers | NJ Spotlight News The state is poised once again to decide whether to subsidize New Jersey’s three remaining nuclear power plants, but unlike two years ago, the question is not so much about whether ratepayers should fund the program, but how much they should pay.

What ratepayers will pay in subsidies for NJ’s nuclear power plants Read More

Illinois lawmakers question Exelon audit

/ News, Planning & Economic Development, Plant News / , , ,

Illinois lawmakers question Exelon audit SPRINGFIELD – Members of a state Senate committee sharply criticized a recent audit of Exelon’s nuclear power plant operations that suggested ratepayers may need to subsidize two of those plants by as much as $350 million over the next five years. Gov.

Illinois lawmakers question Exelon audit Read More

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