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
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:
- Edward Hummel, Philadelphia Regional Office, t: (215) 316-2124, e: ehummel@eda.gov
Nuclear Regulatory Commission Contact
- Diane Screnci, Sr. Public Affairs Officer, t: (610) 337-5330, e: diane.screnci@nrc.gov
- Oyster 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 info@decommissioningcollaborative.org.