Vermont Yankee

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Entergy plans to sell Vermont Yankee to decommissioning firm

VERNON — Entergy Nuclear announced Tuesday morning that it had reached an agreement to sell the closed Vermont Yankee nuclear power plant, a move the company said would move up decommissioning of the Vernon reactor by decades. The company also announced that it was moving up the transfer of the spent nuclear fuel held in Yankee’s spent fuel pool to dry cask storage by two years, from 2020 to 2018. The transfer to NorthStar Group Services of New York City has to be approved by both the Nuclear Regulatory Commission and the state of Vermont’s Public Service Board. Gov. Peter Shumlin immediately praised the news, but injected a word of caution. “Today’s announcement that Entergy is planning to file for approval at the Public Service Board to transfer ownership of the Vermont Yankee site to a third party offers the potential for an accelerated decommissioning of the plant,” Shumlin said in a prepared statement, issued simultaneously to the Entergy announcement. Continue Reading →

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Entergy rejects trust fund withdrawal objections

MONTPELIER — The state of Vermont is ramping up its fight with Entergy Nuclear over Vermont Yankee’s shrinking $600 million decommissioning trust fund. The attorney general’s office, along with the Department of Public Service, filed a petition last week with the Nuclear Regulatory Commission, asking for a federal “comprehensive review” into how Entergy is spending the fund, which was $675 million a year ago. Yankee shut down Dec. 29, 2014, and Entergy has made regular withdrawals since then. Entergy estimated a year ago it would cost $1.2 billion in 2014 dollars to decommissioning the reactor. Continue Reading →

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