VY year in review: Spinoffs, license renewal and safety - Brattleboro Reformer - 0 views
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The discussion about Vermont Yankee nuclear power plant in Vernon wasn't confined to whether or not it should continue to operate past 2012, its original license expiration date. Also of concern to both sides of the debate, and those in the middle, was whether Entergy, which owns and operates Yankee, should be allowed to spin off Yankee into a wholly independent company with financial liabilities of more than $4 billion. Vermont's Public Service Board is still reviewing whether it should issue a certificate of public good to allow the spin off. Earlier in 2009, the Department of Public Service opposed the formation of Enexus, the spin off company, unless certain conditions were met. After most of the conditions are met by Entergy, DPS recommends the PSB approve the transaction. Greenpeace warned Vermont that the formation of Enexus would not be in the best interests of the state.
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The discussion about Vermont Yankee nuclear power plant in Vernon wasn't confined to whether or not it should continue to operate past 2012, its original license expiration date. Also of concern to both sides of the debate, and those in the middle, was whether Entergy, which owns and operates Yankee, should be allowed to spin off Yankee into a wholly independent company with financial liabilities of more than $4 billion. Vermont's Public Service Board is still reviewing whether it should issue a certificate of public good to allow the spin off. Earlier in 2009, the Department of Public Service opposed the formation of Enexus, the spin off company, unless certain conditions were met. After most of the conditions are met by Entergy, DPS recommends the PSB approve the transaction. Greenpeace warned Vermont that the formation of Enexus would not be in the best interests of the state.