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Vermont Yankee nuclear plant to close in 2014

stomv (80392) writes | 1 year,27 days

0

stomv (80392) writes "Vermont Yankee nuclear plant is to close in late 2014, about 20 years before it's (extended) NRC operating permit expires in 2032. Vermont Yankee is a merchant plant, which means that it sells its energy and capacity on the open New England market. The three reasons cited by Entergy, the owner, to close are: low natural gas prices, high ongoing capital costs of operating a single unit reactor, and wholesale market flaws which keep energy and capacity prices low and doesn't reward the fuel diversity benefits that nuclear provides."
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