FirstEnergy Corp. subsidiaries agreed to transfer unit 2 of the Three Mile Island nuclear power plant in Pennsylvania to EnergySolutions Inc. subsidiary TMI-2 Solutions LLC.
Unit 2 is the site of a nuclear accident in March 1979 when one of the reactors suffered from partial meltdown and caused a radiation leak. Unit 1 is owned by Exelon Corp. and was retired Sept. 30.
"Transfer of TMI-2 removes any future nuclear decommissioning obligations from FirstEnergy and is consistent with our strategy of focusing on regulated utility operations," said Greg Halnon, president and chief nuclear officer of GPU Nuclear Inc., in an Oct. 15 statement.
GPU Nuclear, along with fellow FirstEnergy subsidiaries Metropolitan Edison Co., Jersey Central Power & Light Co. and Pennsylvania Electric Co., signed the transfer agreement.
Under the agreement, EnergySolutions will complete the final remediation to transition the nuclear unit from a stable storage condition to a fully decommissioned facility.
The transfer is subject to state and federal regulatory approvals. If approved, the deal is expected to close in the second half of 2020.