According to a new study conducted by the economics consulting firm Analysis Group, “Massachusetts utilities could save their customers $880 million to more than $2 billion by 2032 by entering into a long-term power purchase contract with the Seabrook Station nuclear plant.” The study, Economic and Environmental Benefits to Massachusetts from the Operation of the Seabrook Nuclear Plant, also found that operation of the plant through 2032 is expected to contribute as much as $2.9 billion to the state’s economy and reduce regional greenhouse gas emissions by 5 million tons per year.

Massachusetts Attorney General Maura Healey announced on June 17 that the state has agreed to withdraw its petitions with the Nuclear Regulatory Commission against the transfer of Pilgrim’s license to Holtec International for decommissioning. The settlement agreement, signed between Massachusetts and Holtec subsidiaries Holtec Pilgrim and Holtec Decommissioning International (HDI), also resolves two lawsuits the state filed to challenge the NRC’s approval of the license transfer application as well as several administrative challenges Holtec filed to contest conditions in the January 2020 state water permit for the plant.

In return, Holtec has agreed to provide additional decommissioning trust fund obligations along with stricter radiological cleanup limits and additional site monitoring and oversight.