9 October 2009 -- Vermont regulators said a deal reached with Entergy Corp. over a proposal to sell Vermont Yankee to a new spinoff company provides assurances that the company will have the finances to operate the nuclear-power plant. The announcement was a shift for the department, which had previously recommended the deal be rejected.

The deal comes as regulators in Vermont and New York consider the corporate spin-off deal in which the new company, Enexus, would operate five other Entergy nuclear-power plants.

Department Commissioner David O'Brien told the Barre-Montpelier Times Argus that among the new guarantees is Enexus' access to $100 million in revolving credit from Entergy.

Yankee officials said the company has addressed the department's concerns.