Entergy’s Vermont Yankee a Tough Sell by Travis Miller

11 Nov 10

The Vermont Yankee nuclear plant that Entergy ETRput up for sale Nov. 4 could have a tough time finding any takers. It has among the most challenging economics of any U.S. nuclear plant, and Entergy is in the midst of contentious negotiations with state and federal regulators to extend the plant’s operating license beyond 2012. If regulators or the Vermont legislature deny the license extension, the plant will shut down. Even if the plant continues operating, Entergy management earlier this year told analysts the plant is not earning its cost of capital and probably would not cover its operating costs in 2011 and 2012. At the time, the disclosure was meant to de-emphasize the potential financial impact on Entergy if the plant closed. It now could backfire.



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 )

Google+ photo

You are commenting using your Google+ 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 )


Connecting to %s