GPU will be responsible for severance payments to Oyster Creek employees for a two-year period after the closing and for benefits payable under GPU Nuclear's transition program. Details of the severance package was not available. The four generating stations would operate under the same management structure and share purchasing, some maintenance services and outage management workers, he said. Oyster Creek would still have its own staff working in those positions as well, he added. Jones said that staff sharing would not compromise safety.
Safety is a business imperative.
Under the old regulatory structures, utilities like GPU were able to pass on to consumers the costs of generating power. Unless you operate a plant efficiently, you are going to be losing money. AmerGen will assume the full responsibility for the ultimate decommissioning, or dismantling, of Oyster Creek after its license expires. Va. GPU's Davis said the sale will not affect GPU's rates. The company's rates are frozen for four years by state law, part of the state's move to a deregulated market for electricity.