N.J. nuke plant to be decommissioned

The country's oldest nuclear power plant is being sold to a company that will decommission it in the next eight years, decades earlier than required by industry protocols.

Exelon Generation announced Tuesday that Holtec International has agreed to purchase the Oyster Creek Generating Station in southern New Jersey.

The company will contract with Camden, N.J.-based Comprehensive Decommissioning International to decommission Oyster Creek within eight years, more than 50 years ahead of the industry-allowed 60-year timeline.

Oyster Creek is scheduled to shut down in September.