Entergy: No Sale of Vermont Yankee
At the close of business yesterday Entergy issued a press release straight out of "Deal or No Deal."
The deal? The company announced that it had completed contract talks with Vermont Electric Cooperative (VEC), the state's third largest utility, on a two-year agreement to sell power.
The no deal? That it had failed to find a buyer for Vermont Yankee.
In reality, the proposed deal with VEC is subject to approval by VEC’s Board of Directors, and is contingent on the plant running after March 2012.
Last week, the U.S. Nuclear Regulatory Commission issued VY a 20-year license extension, allowing it to operate until 2032. However, the state Public Service Board has yet to issue a certificate of public good, because the Vermont Senate last year voted to deny VY a license extension. In 2006, when the Vermont Legislature approved the storage of spent fuel in dry casks it also inserted itself as an arbiter in whether VY could remain open beyond 2012.
It is expected that Entergy will file suit against Vermont, arguing that federal law preempts any state decision on the operation of nuclear power plants.
"Of course, we're expecting an Entergy preemption suit, perhaps any day now," Attorney General Bill Sorrell tells Seven Days. Sorrell is continuing to investigate whether Entergy Vermont Yankee officials lied under oath to state regulators about the existence of underground pipes — pipes that later were the source of several leaks of tritium into the groundwater and Connecticut River.
Recent Comments