Vt. Yankee nuclear plant sale faces hurdles

MONTPELIER, VT.

Entergy Corp. has about 17 months to find a buyer for the troubled Vermont Yankee nuclear plant, close a deal and get approval from federal and state regulators. Several observers say that’s a tall order.

Entergy announced Thursday that it is looking to sell Vermont Yankee, which faces some big hurdles before getting the 20-year license extension it is seeking before its currently scheduled shutdown in March of 2012.

That 17-month deadline may be tough to meet because hearings before the state Public Service Board often can become protracted.

Even if regulators approved a new owner, there’s still the problem of persuading lawmakers to give relicensing a green light. The Vermont Senate voted 26-4 in February to block relicensing.

(link) http://www.businessweek.com/ap/financialnews/D9JA7P4G0.htm

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s