NUCLEAR
Boston Edison has agreed to sell its 670 MWe Pilgrim nuclear power plant to Entergy Nuclear for $80 million. Entergy says this includes $67 million for the plant’s nuclear fuel, and that the deal has a potential value of $121 million for Boston Edison’s customers.
Boston Edison will transfer its decommissioning trust fund of $466 million to Entergy, which will take responsibility for decommissioning.
Pilgrim is the first nuclear plant acquired by Entergy as part of its policy of nuclear power acquisition.