NRC Approves License Transfer for Oyster Creek Nuclear Power Plant

The Nuclear Regulatory Commission has approved the transfer of the Oyster Creek Nuclear Generating Station license from Exelon Generation Co. to Oyster Creek Environmental Protection, as owner, and Holtec Decommissioning International, as decommissioning operator.

The three companies requested the license transfer in August 2018. Once the purchase is finalized, as previously announced, OCEP and HDI plan to expedite decommissioning and dismantling of the plant. The license transfer includes the dry cask spent fuel storage installation at Oyster Creek. The NRC order approving the license transfer is effective immediately, but the license transfer will not be finalized until the successful completion of the transaction between Exelon, OCEP and HDI. At that point, the NRC will issue a license amendment reflecting completion of the transfer.