Nuclear, Waste Management & Decommissioning

Entergy’s nuclear decommissioning plan still in the works

Vermont Yankee nuclear power plant retirement not affect grid reliability ISO New England Entergy

Entergy (NYSE: ETR) said its detailed decommissioning plan for the 605-MW Vermont Yankee nuclear power plant is still being worked out.

According to The Brattleboro Reformer, Entergy Wholesale Commodities President Bill Mohl said the utility is looking at into what will be required for shutting down the plant by year-end 2014. While federal guidelines allow up to 60 years for decommissioning using the SAFSTOR process, Entergy agreed to begin decommissioning the plant as soon as there was sufficient money in the fund, the article said.

Mohl did say in the article that layoffs will begin soon after the plant closes, possibly as early as 2015.

The Vermont Public Service Board issued a certificate of public good, which allows the plant to operate through the end of the year. In exchange, Entergy must pay the state for economic development, renewable energy projects, and pay into a special decommissioning fund. As of July 31, Entergy said the fund had a balance of $582 million.

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Business (Financial), O&M, Entergy (company tag)