NRC Finalizes License Transfer for Zion Nuclear Power Station

NRC News
U.S. Nuclear Regulatory Commission
No. III-10-035

The Nuclear Regulatory Commission has finalized the transfer of the possession license for the Zion Nuclear Power Station from Exelon Generating Company LLC to ZionSolutions LLC. The license transfer is effective as of today. The two unit plant is located about 40 miles north of Chicago.

The Zion station has been shut down since 1998. The NRC modified the original operating and possessing of radioactive materials license to a possession-only license for the purposes of storage and decommissioning activities.

On Jan. 25, 2008 Exelon submitted an application to the NRC requesting approval for a transfer of the possession license, management authorities and decommissioning trust fund to ZionSolutions, a subsidiary of EnergySolutions LLC. ZionSolutions was formed for the purpose of decommissioning the Zion site.

On May 4, 2009 NRC staff issued an order approving the license transfer. Some of the major issues NRC staff reviewed included financial qualifications, license procedures, transfer and maintenance of decommissioning funds and the assurance of dedicated disposal space.

“The NRC will continue its regulatory oversight of the decommissioning activities, from start to finish,” said NRC Region III Administrator Mark Satorius. “NRC staffers will conduct frequent inspections, review the performance of activities and help ensure the high safety standards set forth by the agency are maintained by the company.”

Under the license transfer, Exelon will retain ownership of the real estate and spent nuclear fuel. ZionSolutions will construct a dry cask storage facility and transfer the spent fuel to dry cask storage as part of the decommissioning plan. Following decommissioning, currently scheduled for 10 years, the license for the spent fuel will be transferred back to Exelon.