Negotiators aim for sale to keep FitzPatrick nuke plant open
SCRIBA, N.Y. (AP) — Operators of the Nine Mile Point nuclear power plant are in talks to buy and maintain a nearby reactor on Lake Ontario scheduled to be shut down in January.
Exelon says Wednesday that any purchase of FitzPatrick would be contingent on the state adopting a subsidy plan for nuclear reactors that compensates them for their clean emissions. Exelon also would demand a guaranteed long-term revenue stream and a positive impact on earnings.
Entergy Corp. announced in November plans to close the 41-year-old plant due to low natural gas prices, high operational costs and a “flawed” energy market. The New Orleans-based company confirmed that talks are ongoing.
The plant employs more than 600 people.
