October 16, 2019

FirstEnergy subsidiaries have entered into an agreement to transfer the Three Mile Island Nuclear Generating Station Unit 2 (TMI-2) in Middletown, Pa. to TMI-2 Solutions, LLC, a subsidiary of EnergySolutions, Inc.

The agreement would transfer the plant, property, nuclear decommissioning trust fund, plant licenses and responsibility for decommissioning of TMI-2 to the EnergySolutions subsidiary.

“Transfer of TMI-2 removes any future nuclear decommissioning obligations from FirstEnergy and is consistent with our strategy of focusing on regulated utility operations,” said Greg Halnon, president and chief nuclear officer of GPU Nuclear. “EnergySolutions will complete the final remediation to transition TMI-2 from a safe and stable storage condition to a fully decommissioned facility.”

FirstEnergy acquired TMI-2 in 2001 when it merged with GPU. The merger included TMI-2 license-holder GPU Nuclear, as well as Met-Ed, Jersey Central Power & Light (JCP&L) and Penelec. Met-Ed, JCP&L and Penelec are also parties to the EnergySolutions, Inc. transaction.

The TMI-2 transfer is subject to required state and federal regulatory approvals. If approved, the proposed transaction is expected to close in the second half of 2020.

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