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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