Palisades nuclear power plant to close in 2018
COVERT, MI – Palisades nuclear power plant will close in 2018.
Entergy Corp., the plant’s owners, made the announcement in a news release Thursday, Dec. 8.
“Entergy recognizes the consequences of a Palisades shutdown for our approximately 600 employees who have run the plant safely and reliably, and for the surrounding community, and we will work closely with both to provide support during the transition,” said Leo Denault, Entergy’s chairman and chief executive officer, in the release.
“We determined that a shutdown in 2018 is prudent when comparing the transaction to the business risks of continued operation,” he said.
Entergy and Consumers Energy have agreed to an early termination of their power purchase agreement for the Palisades plant, located in Van Buren County’s Covert Township near South Haven, in 2018.