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Entergy makes ‘agonizing decision’ to close Vermont Yankee nuclear plant

An undated file photo shows an aerial view of the Vermont Yankee nuclear power plant in Vernon, Vt. (Courtesy Vermont Yankee Corporation)

An undated file photo shows an aerial view of the Vermont Yankee nuclear power plant in Vernon, Vt. (Courtesy Vermont Yankee Corporation)

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.”

Read the full news release here.

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.

Legacy Comments3

ISO-NE regulators said yesterday that the closing of VT Yankee will not affect the reliability of the New England power grid.

Sail, why transport the spent fuel rods all the way to Nevada when they could be used by your beloved Northern Pass to build the "towers of power" just over the border in NH. Just image the additional benefit above and beyond those already being promised. Now the new towers would even glow at night...

There would be a great place to store the spent rods if only the democrats would stop obstructing the opening of the National Nuclear depository at Yucca Mountain. A judge has ruled against the democrats and Obama and the USA haS already spent $13 BILLION to construct it

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