Entergy’s dilemma – can’t afford to decommission uneconomic Vermont Nuclear Plant
Vermont Nuclear Plant Seeks Decommission But Lacks Funds, Clean Technica 3 April 14, On Friday, the Vermont Public Service Board voted to authorize Entergy Nuclear Operations, Inc., the operators of the Vermont Yankee electricity generating station at 546 Governor Hunt Rd. in Vernon, to close down their nuclear power plant by the end of this year. Because Entergy planned to shut the Vermont nuclear plant down prior to its licensed end-term, the board was required to approve the shutdown……..
Another remaining issue is a 12-year-old National Pollutant Discharge Elimination Systempermit that has been under review by the Vermont Agency of Natural Resources for the past eight years. Continued discharges of warm water into the Connecticut River appear to have adversely affected water quality downstream and altered ecological systems in the watershed.
Entergy has reserved just over $600 million to date for decommissioning the Vermont nuclear plant, according to the Department of Public Service. This amount will not be adequate to meet the costs of full deconstruction, estimated at more than $1 billion according to the company’s 2012 Decommissioning Cost Analysis report.
The company has pledged to put $25 million toward site restoration after decommissioning the plant. However, presumably, the pledge would be moot if Entergy cannot totally decommission the plant.
“That $400 million gap raises issues about where the money will come from to dismantle the plant safely,” MassLive editorializes. http://cleantechnica.com/2014/04/02/vermont-nuclear-plant-seeks-decommission-lacks-funds/
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