The owner of the Vermont Yankee Nuclear Power Plant has filed a new lawsuit against the state of Vermont. The company claims the state’s utility oversight board is preventing the company from installing federally required safety equipment.
An investment firm is predicting that the owners of Vermont’s only nuclear power plant will close that facility.
A UBS Securities analysis of the cash flow of Entergy Nuclear properties says both Fitzpatrick in New York and Vermont Yankee “...are at risk of retirement...” due to modest or negative cash flows at the plants thru 2016.
Two Entergy subsidiaries have filed suit against the state of Vermont over a new law that hikes taxes on the Vermont Yankee Nuclear Power Plant from 5-million to nearly 13-million dollars annually.
Entergy Nuclear Vermont Yankee and Entergy Nuclear Operations filed suit in U.S. District Court for the District of Vermont seeking to overturn the legislation signed by Governor Shumlin that substantially increases the plant's annual tax bill. Entergy Vermont Yankee Communications Manager Jim Sinclair.