Entergy to put Vt. Yankee nuclear plant on market
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#1 Nov 4, 2010
If the plant if closed what will be the impact on Vermont wonderful economy? Maybe some of our great tree huggers would like to put together the real figures at what our cost structure will be for electric power. I'm sure they all have great options.
#2 Nov 4, 2010
Who needs figures, just wait and see. Vermont was just fine before VY and it will be just fine after VY! This isn't the end of the world but it will be for some of the 1,400 taxpayers Dubie was going to give tax breaks to who work at VY!
#3 Nov 4, 2010
What Bandit fails to realize is that if Entergy can't sell this dog to a competitor then it will most likely close the plant itself.
The plant needs attention. The condensor, which is the oldest operating unit of its kind in the country, needs to be replaced. To do so will cost approximately $100 mil. That's just this one item.
Entergy's CEO has publicly stated that this plant is the least profitable plant they own. The market is soft, which means that power is cheap. There is little VY can offer Vermont or a new owner.
It'll be interesting to read the comments from folks should VY shut the plant down on its own, because it's no longer economically viable. So much for hiding behind their workers.
#4 Nov 4, 2010
The top 1,400 tax payers used to be 1,600 until Shumlin raised their taxes to get an extra 3 million, They moved away costing us 50 million in revenues...Smart real Smart.
#5 Nov 4, 2010
Maybe another company, NOT A SPIN OFF COMPANY, might run it better. Perhaps a foreign company, maybe a French one with a long history of operating plants, might get the plant in decent shape.
I have come to the conclusion that because this is such a serious decision from an economic and safety point, that the voters of Vermont should make the decision.
There are not 1400 workers at Vermont Yankee where did that come from?
#6 Nov 4, 2010
"some of the 1,400 taxpayers Dubie was going to give tax breaks to who work at VY"
Was it really that difficult for you to understand Hawkeye ?
I highly suggest that before you disagree or comment about something please feel free to read and understand what was stated before you make a fool of yourself again.
#7 Nov 4, 2010
Nothing difficult for me to understand? Perhaps you should do a little more homework.
You wrote: "some of the 1,400 taxpayers Dubie was going to give tax breaks to who work at VY"
There are 650 "taxpayers" workers at Vermont Yankee, so I was wondering where you got the 1400 from? I would be interested in see that data. I searched and could not find those numbers.
Then there is the $100M/yr in economic benefits that would vanish (Dick Heaps-North East Consultants report-look it up) Think of the losses to businesses and suppliers. What about businesses in Brattleboro and surrounding area to start. Oh, sure there will be a skeleton crew keep on like there has been at other closed plants awaiting decommissioning (9) in U.S..
Vermont would lose 38% of it base load electricity and 80% of it's "in-state" power generation capacity (2009 Vermont Electric Utilities, report by Energy Source-look it up)
Vermont Yankee's contributions to Vermont's Clean Energy Fund thru 2012 in the amount of $25M, will be lost. In addition the revenue sharing agreement signed in 2002 which has an estimated value to ratepayers of $938.8M would vanish (VT Dept of Public Service-Look it up.)
As I said from an economical and safety perspective point, the decisions on this plant are very serious. I do believe it's fate should be left to the voters they are the ones that will feel the most impact.
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