Entergy Corp. is exploring the potential sale of its 605 MW Vermont Yankee nuclear power plant. Details about the sale process are being kept confidential.
Entergy acquired the plant from Vermont Yankee Nuclear Power Corp. in 2002 for $145 million, or $284/kW. The plant uses General Electric boiling water reactor technology.
The sale announcement comes after Democrat Peter Shumlin was elected Vermont’s governor. Shumlin has been a critic of the plant and has called for it to shut down when its current license expires in 2012.
Entergy said it has been working with the Nuclear Regulatory Commission for a license extension at the plant. It also has been negotiating with local electric companies to finalize a long-term power purchase agreement.
Vermont Yankee’s current license expires in March 2012 after the state Senate blocked a license extension bid. Senators said several tritium leaks at the plant prompted them to deny the extension.
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