Montreal: Comprehensive Decommissioning International, LLC (CDI), a joint venture company of SNC-Lavalin, announced April 16 that it and Holtec International, have agreed to enter into a Decommissioning General Contractor Agreement for another US nuclear decommissioning contract, expected to exceed $1 billion.
Entergy Corp. has agreed to sell the subsidiaries that own Indian Point Units 1, 2, and 3, located in Buchanan, N.Y., to a Holtec International subsidiary for decommissioning. Under the terms of the Holtec and Entergy agreement, which is subject to regulatory approvals, Holtec will assume ownership of the site, which includes the transfer of the licenses, spent fuel, and Nuclear Decommissioning Trusts (NDTs) for the three units. The transaction is targeted to close in the third quarter of 2021, after Unit 3 has been shut down and defueled. Holtec will seek to complete the decommissioning of the Indian Point site decades sooner than if Entergy continued to own the plant.
Subject to finalizing the terms of a Decommissioning General Contractor Agreement with Holtec, CDI would become responsible for performing the decommissioning of all three reactor units.