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Oyster Creek Nuclear Plant Shuts Down

  • By Admin
  • September 19, 2018

The Oyster Creek Nuclear Generating Station in New Jersey, the oldest operating nuclear plant in the U.S., was shut down this week on September 17th. Workers marked the closure with a ceremony at the plant, as 400 current employees and former workers watched via livestream as operators took the plant offline.

Oyster Creek, a 625-MW single-reactor plant on the Jersey Shore about 60 miles east of Philadelphia, Pennsylvania, entered commercial operation December 1, 1969.  Although the plant received a 20-year operating license extension in 2009 Exelon decided to close the plant after state officials said the they needed to install expensive cooling tower technology.

Oyster Creek has been a major financial contributor to the area paying more than $2.3 million in property taxes each year and employing hundreds of people with around $68 million a year in salaries.

Exelon has reached an agreement to sell Oyster Creek, its property and a $1 billion decommissioning trust fund to Holtec International.  Once the sale has both federal and state approval, Holtec will take over the process of decommissioning the plant.

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