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Tuesday, August 27, 2013

Entergy to Close Vermont Yankee Nuclear Plant in 2014

Staff Report
Tuesday, August 27, 2013 
 http://www.vnews.com/home/8233537-95/entergy-to-close-vermont-yankee-nuclear-plant
 
Entergy Corporation said today it will close the controversial Vermont Yankee nuclear plant in Vernon, Vt., calling the move an “agonizing decision.”

The plant along the Connecticut River will cease power production after its current fuel cycle and close in 2014.

In a news release, Entergy officials said the decision was driven by sustained lower prices and a high cost structure.

“This was an agonizing decision and an extremely tough call for us,” Leo Denault, Entergy’s chairman and chief executive officer, said in the release. “Vermont Yankee has an immensely talented, dedicated and loyal workforce, and a solid base of support among many in the community.

We recognize that closing the plant on this schedule was not the outcome they had hoped for, but we have reluctantly concluded that it is the appropriate action for us to take under the circumstances.”


Gov. Peter Shumlin, a former state senator from Windham County and longtime opponent of the plant, is holding a news conference in Montpelier later this morning.

Check back at www.vnews.com and read tomorrow’s Valley News for a full report.

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