Living Close to a Nuclear Reactor
By John F Muscarella, Broker/Owner, Venice, FL, Florida's Suncoast
(RIVER FARM PROPERTIES, LLC)
In my travels around Plymouth, MA buying and selling homes, I often come quite near the nuclear reactor named for the historic town - Pilgrim Nuclear and managed by Entergy Corporation. It is the only nuclear power plant in MA. It was built in 1972 by Boston Edison for $231 million and sold in 1999 to Entergy Corporation as part of the deregulation of the electrical utility industry. It's 41 years old. What I didn't know until recently was Pilgrim keeps its spent nuclear fuel in an on-site storage pool, waiting for federal direction on the correct disposal process. Pilgrim's license to operate would have expired in 2012. In May 2012, the NRC approved a 20-year extension to 2032. Note: The plant provides some $10 million a year in local taxes to Plymouth. And produces about 14% o...