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.
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.
Lawyers for the Vermont Yankee nuclear plant's owner are trying to draw tight boundaries around the issues a state panel can consider as it weighs whether to grant the plant a new state permit.
At a Public Service Board hearing on Monday, Entergy Corp. lawyers argued that the board should not consider the plant's impact on tourism, because any impact there might be tied to perceptions about nuclear safety — and federal law makes that solely the jurisdiction of the U.S. Nuclear Regulatory Commission.
A lawyer for the Vermont Yankee Nuclear Power Plant's owner told the Vermont Supreme Court it should dismiss a complaint that says the plant has been disobeying orders from the utility regulating Public Service Board.
During oral arguments Wednesday, Entergy Corp. lawyer Kathleen Sullivan said the board was in error when it ruled twice last year that by continuing to operate the plant, Entergy was violating the terms of the board's ruling that allowed the company to buy the plant in 2002.
Last week, the New England Coalition filed a complaint with the Vermont Supreme Court asking for an injunction to force the Vermont Yankee Nuclear Power Plant to cease operations until the Public Service Board rules on a Certificate of Public Good - the state’s operating license. On Monday, the Vermont Department of Public Service asked the Court to deny that petition.