Have we got a deal for you!

Per Bob Audette, writing for today’s Brattleboro Reformer:

Late Wednesday afternoon, Entergy, which owns and operates Vermont Yankee nuclear power plant in Vernon, announced its attempts to find a buyer for the 40-year-old facility were to no avail.

What?  You mean no one wants to buy an aging power plant that’s shown repeated signs of failure, malfunction and mismanagement?

“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,” stated Richard Smith, president of Entergy Wholesale Commodities, in a press release. “The plant’s strong operating performance was attractive to potential buyers; the political uncertainty was not.”

I think it’s safe to refer to this as “the inability to find a donor for our corporate responsibility.”

But that doesn’t stop VY from attempting some deal making.  They’ve negotiated a tentative deal with the Vermont Electric Cooperative (though it still needs to be approved on multiple levels by VEC).  

But guess who’s in favor of the deal?

But Brad Ferland, president of the Vermont Energy Partnership, stated in a press release that the offer to VEC “is a great deal — and we need more like it. We encourage other Vermont utilities and Vermont Yankee’s owner to finalize similar agreements in the very near future.”

VTEP is a group of more than 90 business, labor and community leaders committed to finding clean, affordable and reliable electricity solutions. Entergy is one of its members.

So there’s no possibility of bias there, right?

16 thoughts on “Have we got a deal for you!

  1. It’s a fixer-upper, like an old Mustang or Vette.  Buy it cheap, tinker with it on weekends, ignore the neighbors when they complain about it sitting in your yard…

  2. We could have something here–America’s first Nuclear Mall.  Of course shoppers would be issued Spacesuits, but hey, if we build it they will come.  An economic tourist boom big time for Vermont.  A Nuclear WalMart, and all kinds of Specialty Nuke Shoppes.  Not to mention the food venues–don’t even have to irradiate the meat, etc.  The Big T-Tritium Burger!  The Double Big T!  And the Energy Fries!…and fuel rods ‘to go’ for those happy campers who want to have a barbecue in the woods without all that fuss about building a fire.  I see $$$$!

  3. Because the NRC has given its approval to a license extension for Vermont Yankee, Smith says one of Entergy’s options is to continue to operate the plant without approval from the state of Vermont.

    http://www.vpr.net/news_detail

    That would be interesting. I wonder how they would shutter the place if they won’t leave…

  4. FWIW:

    Todd,

    The holding of an NRC license does not guarantee operation of a facility.  The facility may have other requirements, such as permits with the state, which preclude operation of the facility.

    Diane Screnci

    Sr. Public Affairs Officer

    USNRC, RI

    610/337-5330

  5. “VTEP is a group of more than 90 business, labor and community leaders committed to finding clean, affordable and reliable electricity solutions. Entergy is one of its members.”

    Since no nuclear power is ever ‘clean’ this is DoubleSpeak (lie).

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