A $110 million agreement has been reached between two energy companies that will keep the James A. FitzPatrick Nuclear Power Plant in Oswego County open for business. Under the deal announced Tuesday, Exelon will assume ownership of the plant previously operated by Entergy. The transfer is subject to approval by federal and state regulatory agencies.
A $110 million deal has been reached, which will keep the FitzPatrick Nuclear Power Plant in Oswego County open for years to come. Gov. Andrew Cuomo said that the deal is a momentous one that should leave the entire state smiling. That said, the change in ownership, which will include two major energy companies coming together for the deal. While multiple regulatory agencies have to approve the deal, at both the state and federal level, it is expected to become a new operation on January 1, 2017.
Read more on this story below:
– Gov. Cuomo says Fitzpatrick nuclear plant saved: Whole state should be smiling
– Exelon agrees to $110 million deal to buy FitzPatrick, keep it running beyond Jan. 2017
– Exelon acquires FitzPatrick Nuclear Power Plant in Oswego County, facility will stay open