Basic Facts:
- Location: Covert Township, Michigan
- Owner / Operator: Holtec International
- Construction Cost: $800M (2018$)
- Plant Output: 800 MW
- Property Size: 430 acres
- Employees: 650
- Status: Shut Down Scheduled 2022
- Current DTF Balance: $520M (2018$)
- DTF Balance Prior to Decommissioning: $540M (2018$)
- Decommissioning Cost Estimate: $560M (2018$)
- Spent Nuclear Fuel on Site: 695 metric tons
Background
Palisades is an 800MW pressurized water reactor that was built between 1967 and 1970 and received its operating license in 1971. In 2007, the plant received an operating license renewal extending the operating life of the plant to 2031. In 2016, the plant owners announced plans to close the plant in 2018. This decision was later amended and the plant is now scheduled to be shut down in 2022.
Decommissioning
In August of 2018, Entergy announced plans to sell the subsidiary that owns the Palisades Power Plant, after its shutdown and reactor defueling, to a Holtec International subsidiary for decommissioning. The operating license was transferred from Entergy to Holtec International on June 28, 2022.
Socioeconomics
The Palisades Nuclear Plant is located in Van Buren County, Michigan. As of 2016:
- Population: 75,000
- Per Capita Annual Income: $39,000
- Unemployment rate (not seasonally adjusted): 5.8%
Palisades nuclear is one of the largest taxpayers in Van Buren County, paying $9.9 million in property taxes in 2016, which comprised 7% of the county’s tax base. The plant provides $67 million in annual wages for its 650 full-time employees.
Contact Information
Economic Development Administration Representative:
- Lee Shirey, Chicago Regional Office, t: (215) 597-8719, e: lshirey@eda.gov
Economic Development District
University Center
Nuclear Regulatory Commission Contact
- Viktoria Mitlyng, Sr. Public Affairs Officer, t: (630) 829-9662, e: viktoria.mitlyng@nrc.gov
- Palisades Nuclear Plant
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
Shutdown Planned for Palisades Nuclear Plant on West Side of State
Shutdown Planned for Palisades Nuclear Plant on West Side of State – DBusiness MagazineThe Palisades Nuclear Plant in Covert, Mich. (south of South Haven) is slated for shutdown following an acquisition. New Orleans-based Entergy Corp. and Florida’s Holtec International, through their affiliates, jointly submitted a License Transfer Application on Wednesday with the U.S.
Palisades Decommissioning Panel Announced
Palisades Decommissioning Panel Announced The Van Buren County Board of Commissioners is forming the Palisades Community Advisory Panel to educate people on the decommissioning of the nuclear plant. Entergy is shutting it down in the spring of 2022, and Palisades completed its final refueling outage in October. Details about the CAP will be released after […]
Bill would create citizens advisory panel on decommissioning nuclear plants
For a copy of the bill, click here. Bill would create citizens advisory panel on decommissioning nuclear plants A new bill would create a citizens advisory panel for the decommissioning of nuclear power plants. Democratic State Representative Jon Hoadley introduced the bill. That’s after the announced closing of the Palisades Nuclear Power plant in West […]
- « Previous
- 1
- …
- 5
- 6
- 7