Business View Magazine | September 2019

270 BUSINESS VIEW MAGAZINE SEPTEMBER 2019 to be taking buildings down until 2022; that is still yet to be seen,” she continues. “They are still putting in their plans. They do need to build a new security building onsite, because, as you know, we are hosting the spent nuclear fuel until there is a federal depository created somewhere, whether it’s Yucca Mountain, or the State of New Mexico, which has been very vocal that they don’t want to be a host state. Holtec needs to expand the storage facility to take into account the remaining rods in the pool and put them into new casks. From what we’ve been told, the site has to be brought back to the original condition prior to the plant being built in 1969. “Will that happen? Who knows? But we want to see that site redeveloped; we want to see something there. New Jersey Natural Gas and other gas companies have looked at that site because the transmission lines are already there; the major grid is already there. There have been talks with Ørsted, a Dutch company connecting into the grid off of the Atlantic Ocean for their wind mills out there. Ørsted did buy into the PJM in order to get their rights to be a generator in the system. (PJM, the Pennsylvania-New Jersey-Maryland Interconnection, is a regional transmission organization, and part of the Eastern Interconnection grid.) We don’t know how far along they are on that. They had to go through several hearings; BPU approval; DEP approval, so on and so forth. Ørsted has asked to meet with Township officials to revisit their initial meeting and provide us with updates about connecting into the grid and gaining access to the site by acquiring easements from the Township. So, we’re hoping to work with them. “The NRC (Nuclear Regulatory Commission) has a big voice about the future at the power plant and how the site is redeveloped. It’s going to be dictated by the federal government through the NRC. It is zoned as an industrial node, so it will be some kind of industrial or manufacturing site and that’s what the township officials would like to see. Decommissioning is about eight to ten years. And I don’t know if any redevelopment can take place while they’re decommissioning it; I don’t believe so.” pictured L to R: Committeeman Mark Dykoff, Committeeman Nicholas Juliano, Mayor Timothy McDonald, Committeeman Peter Curatolo, and Deputy Mayor Steven Kennis