nuclear-news

Nuclear company ENTERGY must pay up for plant closedown

AUDIO
http://www.publicbroadcasting.net/wamc/news.newsmain/article/0/0/1839200/WAMC.New.England.News/NRC.Requires.Decommissioning.Payment.by.Vermont.Yankee.Owner NRC Requires Decommissioning Payment by Vermont Yankee Owner,  North East Public Radio, Pat Bradley 11 Aug 11, VERNON, VT (WAMC) – Entergy had filed a notice to the Nuclear Regulatory Commission that it planned to cancel a guarantee payment of 40-million dollars to the decommissioning fund for the Vermont Yankee Nuclear Power Plant. In it’s notice, Entergy stated that because the federal agency had extended its license for 20 years, there was no need for the guarantee funds, and sufficient money could be earned on current investments over the 20 year renewal period.

But on Wednesday, Entergy was informed that it must make the payment. The NRC says it would be premature to cancel the payment because the Vernon plant might not be able to operate after next March. In its letter to Entergy, the NRC the decision is “…based on the ongoing civil court case Entergy Nuclear Vermont vs. Schumlin…” New England Coalition Advisor Ray Shadis believes it is the first federal acknowledgement that the plant is on track to shutdown next March…..
http://www.publicbroadcasting.net/wamc/news.newsmain/article/0/0/1839200/WAMC.New.England.News/NRC.Requires.Decommissioning.Payment.by.Vermont.Yankee.Owner

August 13, 2011 - Posted by Christina Macpherson | Resources -audiovicual