Entergy drops attempt to sell Vermont Yankee, strikes deal with Vermont Electric Co-op

VT Digger March 30, 2011

New Orleans, La. – Entergy Corporation (NYSE: ETR) today announced Entergy Nuclear Vermont Yankee, LLC has completed negotiations on a 20-year agreement to sell power from the Vermont Yankee nuclear plant to customers of Vermont Electric Cooperative, Inc., the third largest electric distribution utility in Vermont .

The agreement is subject to approval by VEC’s Board of Directors, and is contingent on the plant running after March 2012….

March 30, 2011

Gov. Shumlin issued the following statement in response to today’s announcement by Entergy Corp:

“Today’s announcement that Entergy Louisiana was unable to sell Vermont Yankee is further evidence that this aging plant should be shut down on schedule in 2012. It is not surprising that Entergy could not find a buyer for Vermont Yankee. The plant and its operators have had numerous issues – cooling tower collapses, a transformer fire, leaked tritium, and misinformation about the underground piping – and I have no confidence in the continued operation of the plant or in its owners.”

full article – http://vtdigger.org/2011/03/30/entergy-drops-attempt-to-sell-vermont-yankee-strikes-deal-with-vermont-electric-co-op/

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