Basic Facts:

  • Location: Homestead, Florida
  • Owner: Florida Power & Light
  • Operator: Florida Power & Light
  • Construction Cost: $1.2B (2018$)
  • Plant Output: 1,600 MW (combined)
  • Property Size: 3,300 acres
  • Status: Operational
  • Employees: 700
  • Expected Shut Down Date: Unit 3 (2032), Unit 4 (2033)
  • Current DTF Balance: $1.9B (2018$)
  • DTF Balance Prior to Decommissioning: $2.6B (2018$)
  • Decommissioning Cost Estimate: $1.0B (2018$)
  • Spent Nuclear Fuel on Site: 1,335 metric tons
Turkey Point 3 & 4 Photo

Background

The Turkey Point nuclear power station consists of two pressurized water reactors. Construction began on Units 3 & 4 in 1967 with licensed operations commencing in 1972 and 1973 respectively.

In 2002, the Nuclear Regulatory Commission granted a twenty-year license renewal for Units 3 & 4, extending their licensed operational life to 2032 and 2033 respectively.

Socioeconomics

The Turkey Point nuclear power plant is located within Miami Dade County, Florida. As of 2016, socioeconomic information is as follows:

  • Population: 2,750,000
  • Per Capita Annual Income: $45,000
  • Unemployment rate (not seasonally adjusted): 4.1%

The Turkey Point nuclear facility employs 700 full-time workers, paying approximately $80M annually in salaries and benefits. The plant contributes $7M in annual property taxes.

Contact Information

Economic Development Administration Representative:

Economic Development District

University Center

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 [email protected].

(802) 345-7044

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