Entergy ended efforts to sell the 605 MW Vermont Yankee nuclear power plant, citing an uncertain political environment in the state.
"Although we received interest from a number of companies, the conclusion of the sale process, without a sale, was driven primarily by the uncertain political environment in Vermont," said Richard Smith, president of Entergy Wholesale Commodities. "The plant's strong operating performance was attractive to potential buyers; the political uncertainty was not."
Entergy said that ending the sale process is not related to the recent nuclear events in the aftermath of Japan's earthquake and tsunami. Entergy said it will evaluate any future opportunity for the plant should conditions change.
On March 21, the Nuclear Regulatory Commission renewed Vermont Yankee's operating license for an additional 20 years.
Read more news and features on the business of power generation.
Print
Email
Save
