Energy Harbor Corp rescinds deactivation of Beaver Valley nuclear power facility
Energy Harbor Corp. informed grid operator PJM Interconnection that it has rescinded the March 28, 2018, deactivation notices for its Beaver Valley Power Station in Shippingport, Pa.
That means that the nuclear power plant will remain in operation. There are two units at the site, generating 1,872 MW of energy capacity, both of which were scheduled for deactivation in 2021. The plant employs about 1,000 people.
“The decision to rescind the deactivations for Beaver Valley was largely driven by the efforts of Governor Wolf’s administration to join the Regional Greenhouse Gas Initiative (RGGI) which will begin to help level the playing field for our carbon-free nuclear generators. In addition, our retail growth strategy now offers carbon free energy that allows customers to meet their environmental, social, and sustainability goals. We are excited about the RGGI process implementation in early 2022 but would need to revisit deactivation if RGGI does not come to fruition as expected,” Energy Harbor President and Chief Executive Officer John Judge said.
The Nuclear Regulatory Commission (NRC) has been notified of the rescission of the nuclear deactivations. Notifications were also made to the Institute of Nuclear Power Operations (INPO) and Nuclear Energy Institute (NEI).
Energy Harbor is a financially secure independent power producer and fully integrated retail energy provider focused on safe and best-in-class operations and financial performance. With its fleet of reliable generating resources, including substantial carbon-free generation, Energy Harbor is well positioned for long-term value creation and competitiveness in a low-carbon future.
