The Nuclear Regulatory Commission staff has approved the transfer of licenses for South
Texas Project, Units 1 and 2, and its associated spent fuel storage facility from NRG South Texas
to Constellation Energy Generation.
The transfer is part of Constellation’s planned acquisition of NRG South Texas and its
44 percent ownership interest in the plant, which is located in Bay City, Texas, approximately
90 miles southwest of Houston. There are two other licensed owners with minority interests. The
plant will continue to be operated by STP Nuclear Operating Co. on behalf of the three coowners.
The NRC staff’s review of the license transfer application concluded that Constellation
was financially qualified to be a licensed owner and would continue to provide reasonable
assurance that funds will be available to eventually decommission the plant.
There is a hearing request currently pending before the Commission. The transfer
approval is subject to the Commission’s authority to rescind, modify, or condition the transfer
based on the outcome of any subsequent hearing on the application.
