NRC: Money Misspent From Pilgrim Decommissioning Fund

The company charged with decommissioning the Pilgrim Nuclear Power Station has misused funds meant for that purpose.

A federal inspection report by the Nuclear Regulatory Commission determined a subsidiary of Pilgrim's owner, Holtec International improperly spent 84-thousand dollars from the trust, which is funded by ratepayers.

An NRC spokesperson says over two years, ending in 2022, Holtec used the money for public relations purposes, including a Chamber of Commerce sponsorship and holiday events.

Holtec officials called the issue an error in charging to the wrong account, and the money has since been returned to the fund.

(Photo by PHILIP FONG/AFP via Getty Images)


Photo: PHILIP FONG / AFP / Getty Images

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