NRC Approves Transfer of Susquehanna Nuclear Plant Licenses from Talen Energy to Riverstone Holdings
Nuclear Regulatory Commission has approved the indirect transfer of the
operating licenses for the Susquehanna Steam Electric Station, Units 1
and 2, from Talen Energy Corp. to the portfolio companies of Riverstone
Holdings, as part of Riverstone’s proposed acquisition of Talen.
Susquehanna plant has two boiling water reactors and a dry cask spent
fuel storage installation located in Berwick, Pa. The reactors are
licensed to operate through July 17, 2042, for Unit 1 and March 23,
2044, for Unit 2. The plant is operated by a subsidiary of Talen,
Susquehanna Nuclear LLC, which holds a 90-percent ownership stake in the
plant. The indirect transfer does not affect the remaining 10 percent,
held by Allegheny Electric Cooperative Inc.