Vt. Yankee nuclear plant sale faces hurdles


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


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