Vermont Yankee expects to have contract by Friday, House Energy Committee passes clean-up costs bill

first_imgNorthstar Vermont Yankee,Entergy Vice President Jay Thayer told the House Natural Resources Committee last Friday that Entergy will have a proposal for the Vermont utilities by the end of this week. Thayer had previously told the Legislature that a contract proposal would be presented before the break for Town Meeting in early March. Legislative leaders have indicated that lawmakers would not take up a bill to extend the Vermont Yankee contract beyond 2012 until Entergy presented a contract. Even now, the leaders are skeptical that a bill would move forward so late in this year’s session.Also on Friday, the House Natural Resources and Energy Committee passed a bill protecting Vermont taxpayers from Vermont Yankee clean-up costs by requiring the owner of the plant to fully fund the facility s decommissioning.”Vermont taxpayers need to know that they won t have to pick up the tab for cleaning up the Vermont Yankee plant if it doesn’t continue to operate beyond 2012,” said House Speaker Shap Smith. “Entergy needs to live up to its obligation to clean up after itself, which is what this bill ensures.”The bill requires Vermont Yankee s parent company to make installment payments to fill the decommissioning fund if the plant does not continue to operate past 2012. If the plant closes in 2012, the owners will be required to make payments to fill the fund in 2011, 2012, 2018 and 2020.”Now more than ever, given the economic crisis and the instability on Wall Street, we need to ensure Vermonters and Vermont businesses don t have to pay upwards of a billion dollars to clean up the nuclear plant if it ends operation in 2012,” said House Natural Resources and Energy Chair Tony Klein.The committee vote was 8-2-1.last_img

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