Yankee warns about shutdown cost

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MONTPELIER — Vermont Yankee’s owners said Tuesday they are days away from offering the state’s utilities a new 20-year power agreement and warned legislators that proposed legislation requiring the company to come up with $600 million for decommissioning could derail its future.

The House Natural Resources and Energy Committee is considering a bill that would require the nuclear power plant’s owner, Entergy Corp., to fully fund its decommissioning in preparation for closing in 2012 and to dismantle the plant within 10 years.

Entergy lawyer John Marshall fell just shy of saying that would force the Vernon plant out of business. “That will effectively foreclose more options for continued operation of the plant,” he said.

http://www.burlingtonfreepress.com/article/20090225/NEWS03/90225002

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