Entergy Corp. has agreed to sell the now-closed Entergy Nuclear Vermont Yankee power plant and transfer its U.S. Nuclear Regulatory Commission (NRC) licenses to subsidiaries of NorthStar Group Services Inc. The move will accelerate the planned decommissioning of the plant by decades, Entergy said Tuesday.
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41-Year-Old Yankee Gassed In Vermont
Cheap natural gas might not be the biggest nail in the coffin of the Vermont Yankee Nuclear Power Station in Vernon, VT, but it’s in there, Entergy Corp. said in announcing the shuttering of the plant, mainly due to low power prices in a poorly designed wholesale power market.
Yankee Breaks Ground on LNG Peak Shaving Plant
Berlin, CT-based Yankee Gas broke ground Thursday on a new $108 million 1.2 Bcf LNG peak shaving facility at the company’s Eagle Street work center in Waterbury, CT’s south end. The plant, which recently received construction approval from the Connecticut Department of Utility Control, is expected to be in service for the 2007/2008 heating season.