Oyster Creek

Basic Facts:

  • Location: Forked River, New Jersey
  • Owner: Exelon
  • Operator: Exelon
  • Construction Cost: $600M (2018$)
  • Plant Output: 620 MW
  • Property Size: 800 acres
  • Status: Decommissioning
  • Current DTF Balance: $930M (2018$)
  • DTF Balance Prior to Decommissioning: $980M (2018$)
  • Decommissioning Cost Estimate: $1.2B (2018$)
  • Spent Nuclear Fuel on Site: 707 metric tons
oyster creek

Background

The Oyster Creek Generating Station first came online in 1969, received a license renewal from the NRC in 2009 and was licensed to operate until 2029. In 2011, Exelon informed the NRC that in 2019 the plant would permanently cease power operations due to economic considerations. In September 2018, Exelon ceased operations at Oyster Creek and the plant was permanently shut down.

Decommissioning

In July of 2018, Exelon announced a decommissioning agreement with Holtec International. Under the terms of the agreement, Holtec will assume ownership of the site, real property and spent nuclear fuel. In addition, and as the site’s owner, Holtec will manage all site decommissioning and restoration activities. The agreement is subject to regulatory approvals.

Socioeconomics

The Oyster Creek nuclear power plant is located within Ocean County, New Jersey.  As of 2016:

  • Population: 600,000
  • Per Capita Annual Income: $32,000
  • Unemployment rate (not seasonally adjusted): 4.3%

During operations, the Oyster Creek Generating Station employed 450 people with an annual payroll of approximately $70M. In 2017, the plant contributed $2.5M in property tax payments.

Contact Information

Economic Development Administration Representative:

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

Oyster Creek, the oldest nuclear power plant in the U.S., could become a ‘green energy park’

May 20, 2024

Oyster Creek, the oldest nuclear power plant in the U.S., could become a ‘green energy park’The Oyster Creek nuclear power plant closed in 2018. Since then, Holtec International, has been looking at how the plant can be repurposed.

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Other Industries Suggested For Oyster Creek Land

April 27, 2023

Other Industries Suggested For Oyster Creek Land LACEY – A presentation touched on which industries could save the community from the looming economic catastrophe triggered by the imminent shutdown of the Oyster Creek Nuclear Generating Station. The closure of the nuclear plant has already impacted local jobs and will ultimately have a profound effect on […]

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Inflation leads Oyster Creek nuclear plant to delay decommissioning

April 5, 2023

Inflation leads Oyster Creek nuclear plant to delay decommissioning LACEY – Inflation, high labor prices and economic turmoil spurred Holtec International to add four years to the company’s timeline for decommissioning the defunct Oyster Creek nuclear plant off Route 9. Holtec, based in Camden, completed the purchase of the Lacey nuclear facility in 2019 and […]

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The dangerous business of dismantling America’s aging nuclear plants

May 13, 2022

The dangerous business of dismantling America’s aging nuclear plants FORKED RIVER, N.J. – The new owner took over the Oyster Creek Nuclear Generating Station in 2019, promising to dismantle one of the nation’s oldest nuclear plants at minimal cost and in record time. Then came a series of worrisome accidents. One worker was struck by […]

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Former Nuclear Plant Site Gets Smaller as Decommissioning Continues

September 7, 2021

Former Nuclear Plant Site Gets Smaller as Decommissioning Continues | The SandPaper Nearly three years after the Oyster Creek Nuclear Generating Station in Lacey Township was permanently shuttered by its former owners, the protected area at the site has decreased from 150 acres to six acres as decommissioning of the former power plant continues.

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Settlement advances Holtec project at Oyster Creek nuclear plant

February 15, 2021

Settlement advances Holtec project at Oyster Creek nuclear plant CAMDEN – Holtec International has agreed to a $10 million precaution to end a court fight over its planned decommissioning of the Oyster Creek nuclear power plant. The safety measure – a massive cask made of steel and concrete – is part of a settlement that […]

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Oyster Creek: Out with the old nuclear plant, in with a new one? The choices ahead

January 27, 2021

Oyster Creek: Out with the old nuclear plant, in with a new one? The choices ahead LACEY – For more than a half-century, the Oyster Creek nuclear power plant energized the region and local pocketbooks before shutting down three years ago, the start of what was expected to be a tedious, unremarkable and costly mothballing. […]

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Oyster Creek Nuclear Waste: Interim Storage Could Change Sites

December 29, 2020

Oyster Creek Nuclear Waste: Interim Storage Could Change Sites OCEAN COUNTY, NJ – Holtec International’s plan to increase its spent fuel area at the shutdown Oyster Creek Power Plant created its share of controversy. Some expressed fear the expansion represented the first step in the development of an east coast nuclear waste repository. Officials from […]

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Taxing Nuclear Waste Discussed

December 8, 2020

Taxing Nuclear Waste Discussed | Jersey Shore Online LACEY – Can nuclear waste be taxed and if so can it benefit the township? A Forked River resident believes that it can and recently brought up news of pending legislation that Township officials could take advantage of. The idea came up during a discussion about the […]

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Holtec Blasts NJ Town’s ‘Unfounded’ Nuclear Plant Paranoia

September 18, 2020
Read More

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