Entergy to Close Vermont’s Only Nuclear Power Plant
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Entergy Corp. will permanently shut its Vermont Yankee nuclear power plant in 2014 after battling for years with state officials to keep the 41-year-old reactor in service.
The decision to shut Vermont’s only operating reactor was based on natural gas prices, the high cost of running the single-unit plant and “artificially low” power prices in the region, New Orleans-based Entergy said in a statement today. Entergy won renewal of the plant’s license in 2011, allowing it to operate until 2032, and filed suit to prevent the state from closing the reactor earlier.