Exelon Corp. has become the new owner and operator of the James A. FitzPatrick nuclear power plant in New York after closing its acquisition of the Oswego-based facility from Entergy Corp. on March 31.
As part of the $110 million agreement, Entergy also transferred FitzPatrick's operating license to Exelon Generation Co. LLC along with decommissioning trust fund and liability. Exelon in August 2016 agreed to acquire the 838-MW facility after the New York Public Service Commission approved a 12-year subsidy for the state's financially at-risk nuclear plants.
Concurrently, Exelon appointed Joseph Pacher as new site vice president, replacing Brian Sullivan. Pacher previously served as site vice president at the R.E. Ginna facility. Sullivan will remain with Entergy as part of the original deal.
The company said it does not anticipate any immediate change to staffing levels at the plant, which employs about 600 people.
"We look forward to bringing FitzPatrick's highly skilled team of professionals into the Exelon Generation nuclear program, and to continue delivering to New York the environmental, economic and grid reliability benefits of this important energy asset," Exelon President and CEO Chris Crane said in a company release.
The deal secured approval from state and federal agencies, including the U.S. Department of Justice, FERC, the U.S. Nuclear Regulatory Commission and the New York State Public Service Commission.
FitzPatrick completed a refueling and maintenance outage in February that will allow the plant to run for another operating cycle.