According to the company, the decision is based on the cumulative effect of negative economic factors which has caused Oyster Creek’s value to decline.
Exelon president and COO Chris Crane said that the plant faces a unique set of economic conditions and changing environmental regulations that make ending operations in 2019 the best option for the company.
The power plant, which is federally licensed to operate until 2029, began commercial operations in 1969.
Oyster Creek employs nearly 700 workers and provides enough electricity for approximately 600,000 New Jersey homes.
