NRC Approves Transfer of Susquehanna Nuclear Plant Licenses from Talen Energy to Riverstone Holdings

NRC Approves Transfer of Susquehanna Nuclear Plant Licenses from Talen Energy to Riverstone Holdings

The Nuclear Regulatory Commission has approved the indirect transfer of the operating licenses for the Susquehanna Steam Electric Station, Units 1 and 2, from Talen Energy Corp. to the portfolio companies of Riverstone Holdings, as part of Riverstone’s proposed acquisition of Talen.

The Susquehanna plant has two boiling water reactors and a dry cask spent fuel storage installation located in Berwick, Pa. The reactors are licensed to operate through July 17, 2042, for Unit 1 and March 23, 2044, for Unit 2. The plant is operated by a subsidiary of Talen, Susquehanna Nuclear LLC, which holds a 90-percent ownership stake in the plant. The indirect transfer does not affect the remaining 10 percent, held by Allegheny Electric Cooperative Inc.

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