The James A. FitzPatrick nuclear power plant officially belongs to Exelon Generation. The sale of the plant was finalized on March 31. Under the agreement totaling $110 million, Entergy transferred FitzPatrick’s operating license to Exelon Generation, along with the plant’s decommissioning trust fund and liability.
“We look forward to bringing FitzPatrick’s highly skilled team of professionals into the Exelon Generation nuclear program, and to continue delivering to New York the environmental, economic and grid reliability benefits of this important energy asset,” Chris Crane, president and CEO of Exelon, said in a release.
With the transaction completed, Exelon Generation named a new site vice president, Joseph Pacher, who was formerly site vice president at R.E. Ginna Nuclear Power Plant. The former site vice president of FitzPatrick, Brian Sullivan, was retained by Entergy as part of the original transaction agreement.
“Joe knows the Exelon Management Model well and led Ginna during its transition into the Exelon Generation fleet in 2014,” Bryan Hanson, chief nuclear officer with Exelon Generation, said in a release. “We are confident that his leadership will ensure a smooth transition for employees and the community, as FitzPatrick continues to deliver safe, clean and reliable electricity to the regional power grid.
The 838 MW boiling water reactor Plant generates carbon-free electricity for more than 800,000 homes and businesses and employees around 600 people.