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Vermont Yankee nuke plant to close by end of 2014
Vermont’s only nuclear power plant will shut down by the end of next year, ending a nasty legal battle over the future of the 4-decade-old plant, Entergy Corp. announced Tuesday.
The Vermont Yankee Nuclear Power Station is expected to cease power production after its current fuel cycle and will begin being decommissioned in the fourth quarter of 2014, the company said. The station will remain under the oversight of the Nuclear Regulatory Commission throughout the decommissioning process.
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Denault said that when it closes, the plant will be placed in ‘‘safe-store,’’ in which federal regulations allow it to be mothballed for up to 60 years while its radioactive components cool down before removal.
...snip...
The decision to close Vermont Yankee was based on a number of financial factors, including low wholesale energy prices, high costs and what the company called a flawed market design that artificially deflates energy prices. Nuclear plants have been under significant price competition due to the recent natural gas boom in the United States. Vermont Yankee, among the oldest and smallest plants in the country and located in a state with one of the nation’s strongest anti-nuclear movements, had long been considered among the most likely to be shuttered.
http://www.boston.com/business/news/2013/08/27/vermont-yankee-nuke-plant-close-end/t7KMvOIPsI44Z9bYaAZnSO/story.html
The Vermont Yankee Nuclear Power Station is expected to cease power production after its current fuel cycle and will begin being decommissioned in the fourth quarter of 2014, the company said. The station will remain under the oversight of the Nuclear Regulatory Commission throughout the decommissioning process.
...snip...
Denault said that when it closes, the plant will be placed in ‘‘safe-store,’’ in which federal regulations allow it to be mothballed for up to 60 years while its radioactive components cool down before removal.
...snip...
The decision to close Vermont Yankee was based on a number of financial factors, including low wholesale energy prices, high costs and what the company called a flawed market design that artificially deflates energy prices. Nuclear plants have been under significant price competition due to the recent natural gas boom in the United States. Vermont Yankee, among the oldest and smallest plants in the country and located in a state with one of the nation’s strongest anti-nuclear movements, had long been considered among the most likely to be shuttered.
http://www.boston.com/business/news/2013/08/27/vermont-yankee-nuke-plant-close-end/t7KMvOIPsI44Z9bYaAZnSO/story.html
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