Get Email Updates!

Concentration of CO2 in the Atmosphere

Entergy fails to make quarterly payment to state of Vermont

Reposted from: VT Digger  04/10/2012

The Vermont Department of Public Service is not convinced that the company that owns the Vermont Yankee nuclear power station will live up to its obligations.

The plant, which is owned by Entergy Corp., is currently operating on an expired state permit while the Vermont Public Service Board considers approving a new license for it. Meanwhile both the state and Entergy have appealed a federal court decision finding a law requiring legislative approval before the plant could get a new license was unconstitutional.

The Department of Public Service, which represents ratepayers before the board, has taken the position that the plant can continue to operate under state law while the docket is ongoing, but that it must continue to keep obligations like making payments to the Clean Energy Development Fund.

On April 3, attorneys for Entergy filed a one-page letter with the board stating that it agreed with the department. The company’s statement said it “must comply with the conditions in the existing certificates of public good that the Department lists at pages 7-9 of its cross-motion.” These included payments to the fund, which subsidizes renewable energy resources.

But according to a filing by the department Monday, Entergy has not made its quarterly payment of $625,000, which was due on April 1.

Click here for more information:  VT Digger

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>