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NYS Finalizes Agreement for Sale and Decommissioning of Indian Point Nuclear Facility
New York State’s Public Service Commission on Wednesday approved the sale of the Indian Point nuclear power facility in Buchanan, NY to Holtec International subsidiaries. The agreement approved by the PSC provides for the transfer of the Westchester County facility to Holtec for a swift, complete and safe decommissioning and site remediation.
“As Governor and previously as Attorney General, I have been deeply concerned with the safety of the Indian Point nuclear power facility given its proximity to some of the most densely populated areas in the nation,” said Gov. Andrew Cuomo. “After years of relentless work with our federal, state, and local partners, we have finally been able to close it safely and responsibly and will now move on to the decommissioning phase.”
Under the agreement, Holtec is required to maintain a minimum balance of no less than $400 million in the decommissioning trust fund for 10 years.
Indian Point photo courtesy of Entergy.
- ◦Sale/Acquisition
