Enexus deal has risks, benefits
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#1 Jan 27, 2010
Isn't this Thayer guy the same person who lied to the Public Service Board while under oath? Yeah, we can believe him and his positive spin.
Interesting to note that he does recognize that a terrorist attack could pose a risk but says nothing about a meltdown. The way things are going at this plant a core meltdown is almost inevitable. Were that to happen can we count on Gov Douglas to still support them? Probably as long as they don't lie about it.
#2 Jan 27, 2010
And with all this risk Vermont gets how much of the electric generated....13 percent? And most of the employees that work there are from where....New Hampshire? All this risk for what?
#3 Jan 27, 2010
For Sale...Used Nuclear Power Plant
Give us you money and we will give you millions of dollars in debt and an aging nuclear power plant that was designed to last for 30 yrs. We feel it can go for 50 yrs with no problem. We want to sell it now because if we can't fool the people into letting us keep it going, we will have to spend hundreds of millions to decommission it, and we just don't have the money right now.
Also we are a large company and if any of the terrible things that can happen to a 30 yr old nuke plant should happen while we own it, we could be bankrupted and lose all our shareholders money. Instead, we would like to sell it now and put all the money in our pockets. If anything really bad happens then...all you will lose is your original investment. You can just walk away and let the government clean up your mess.
But you might be able to sell enough electricity while it's still working, to actually make some money...maybe....if it keeps working.
Oh BTW...Right now it's leaking radiation into the groundwater. We don't know where the leak is or how big it is. But that kind of thing has to be expected from a 30 yr old Nuke plant...right?
#4 Jan 27, 2010
I get it, Vermont Yankee is in a battle over northern interest versus southern interest. It is a battle between deep southern economic interest versus economic and safety issues in Vermont.
So the southern regulators have absolutely lost faith in the word of Entergy...they dont want Entergy southern spewing any borrowing or financing towards the northern plants. Really, it is a inoperable business model we are talking about. Hmm, generally the rating agencies value the worth of Entergy...many times for stock valuation purposes it revolves around the credit worthiness between the competing utilities stockholders. Ill purchase Entergy stock more than Exelon because they dont hold as much debt a me.
I cant see why the income from VY doesnt justify borrowing...after all they are going to do that with Enexus.
#5 Jan 27, 2010
Still quoting Thayer? How can anyone believe a word that guy says?
#6 Jan 28, 2010
So the plant that has a cooling tower collapse and now spreads tritium into groundwater at ever increasing levels is cited as among the safest and most reliable nuclear plants. So black is white and up is down. Makes sense to me!
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