COVERT, MI (WKZO AM/FM) — Entergy on Tuesday, June 28, completed the sale of the Palisades Power Plant to Holtec International.
Palisades was permanently shut down May 20, 2022, after generating electricity for more than 50 years.
The transaction will also transfer ownership of the decommissioned Big Rock Point site in Charlevoix from Entergy to Holtec.
The sale of the Palisades plant completes Entergy’s planned exit from the nuclear merchant power business, and follows the closure and sale of the Vermont Yankee, Pilgrim and Indian Point plants and the sale of the operating James A. Fitzpatrick plant.
Entergy first announced the planned closure of Palisades in 2016 in accordance with its strategic business decision to focus on its utility operations in the Gulf South.
The U.S. Nuclear Regulatory Commission approved the transfer of the license of Palisades from Entergy to Holtec for purposes of decommissioning in December 2021.
