The US Nuclear Regulatory Commission has approved the indirect transfer of the licences for 23 operating and five decommissioning reactors from Exelon Corporation – the nation’s largest operator of nuclear plants – to a new company as part of a corporate restructuring.
The NRC said the new company, temporarily named HoldCo, will wholly own Exelon Generation Company and its subsidiaries. Exelon Generation Company has been temporarily renamed SpinCo and will continue to own and operate the plants to the same extent as before the transfers.
SpinCo will assume management of a coal-free generation portfolio, including 21 nuclear reactors – plus two more at the Salem nuclear station in which it has an operating interest – spread across three states, to become “America’s clean energy leader”, chief executive officer Chris Crane said.
The NRC said the new company, temporarily named HoldCo, will wholly own Exelon Generation Company and its subsidiaries. Exelon Generation Company has been temporarily renamed SpinCo and will continue to own and operate the plants to the same extent as before the transfers.
SpinCo will assume management of a coal-free generation portfolio, including 21 nuclear reactors – plus two more at the Salem nuclear station in which it has an operating interest – spread across three states, to become “America’s clean energy leader”, chief executive officer Chris Crane said.
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