Olsen, Trask talk jobs, schools

In an effort to sway undecided voters, Democrat Claire Trask and Republican Oliver Olsen debated the hot-button topics around the Windham-Bennington-Windsor 1 District. Full Story
John Greenberg

Bethel, VT

#1 Oct 14, 2010
The article states: "Olsen acknowledged Vermont Yankee will close someday, but the state currently receives about 34 percent of its power from the facility and there are no plans to replace it.

"The reality is, we don’t have a lot of plans. We don’t have a lot of alternatives to providing that kind of power," he said.
Olsen acknowledged Vermont Yankee will close someday, but the state currently receives about 34 percent of its power from the facility and there are no plans to replace it.

"The reality is, we don’t have a lot of plans. We don’t have a lot of alternatives to providing that kind of power," he said. "

Actually, much of the power HAS been replaced, but not through any single contract. Instead, the utilities have been diversifying their power purchases with multiple much smaller contracts, and, to the extent that more power is still needed, the New England grid is expected to be priced slightly below Entergy's last and best offer. It is difficult to use precise figures, because these contracts are signed one at a time over large periods of time, but utility officials testified to the legislature that they were quite confident that the power could be replaced, at a cost, AT MOST, in the 3-7% range above Vermont Yankee. Since that testimony, power price estimates have declined, and it now appears that the replacement power will actually be marginally cheaper than VY.

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