Coop-Nuclear Deal May Not Save Vermont Plant
Posted on Mar 31, 2011 in Legislative & Politics, Project Development | Comments Off on Coop-Nuclear Deal May Not Save Vermont Plant
Entergy Corp. has reached a potential deal with Vermont Electric Cooperative Inc., Vermont’s third-largest electric company, to purchase power from the Vermont Yankee nuclear plant under a 20-year contract. The move came after Entergy was unable to sell the plant or reach similar purchase agreements with the state’s largest utilities. The terms of the Vermont Electric deal require the plant maintain operations beyond its license expiration date in March 2012, no small feat given a state legislature poised to deny renewal based on safety concerns reports the Burlington Free Press.
