Entergy's Palisades team finishes strong as facility shuts down
Announced in 2017, the shutdown of Palisades completes Entergy's (ETR) strategy to exit the merchant power generation business and coincides with the expiration of the station's 15-year power purchase agreement with Consumers Energy.
"The enduring legacy of Palisades is the thousands of men and women who safely, reliably, and securely operated the plant, helping power
The shutdown completes a remarkable operating history for the 800-megawatt facility. The facility shut down after continuously generating electricity for 577 days since it was last refueled – a site and world record production run for a plant of its kind. Palisades remains ranked in the U.S. Nuclear Regulatory Commission's highest safety category and is regarded by its peers as one of the top performers in the industry.
Following Entergy's (ETR) shutdown announcement in 2017, Entergy (ETR) made several commitments to its employees at Palisades, including:
- Any employee willing to relocate to another Entergy (ETR) facility would be provided a job for which they were qualified. Approximately 130 employees have accepted a job offer from Entergy (ETR) within the southern utility service territory.
- As part of the company's sale agreement with Holtec International, the new owner of the plant post-shutdown will hire approximately 260 current Palisades employees for the first phase of decommissioning. Holtec agreed to honor existing collective bargaining agreement contracts with union employees.
- Approximately 180 employees at Palisades will separate from the company; more than half of those employees are retirement eligible.
In
Holtec filings with the NRC detail its plans to complete the dismantling, decontamination, and remediation of Palisades to NRC standards by 2041, more than 40 years sooner than if Entergy (ETR) continued to own the facility and selected the maximum 60-year NRC SAFSTOR option for decommissioning. A safe and timely decommissioning is welcomed news for the plant community, which stands to benefit from potential site reuse.
Entergy (ETR) , a Fortune 500 company headquartered in
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SOURCE Entergy Corporation (ETR)