UBS Financial

Entergy has announced that the Vermont Yankee Nuclear Power Plant will be refueled this spring, despite the company facing negative financial analyses.

Entergy will not release the cost of refueling the Vernon reactor, but Vermont Business Magazine is reporting that the last process, done in October 2011, cost nearly 100-million dollars.  Vermont Yankee Spokesman Rob Williams explains that the plant is on an 18-month refueling cycle and they continue to operate based on federal licensing and favorable court decisions.