In a settlement of most of the outstanding issues between the state of Vermont and Entergy, the operator of the Vermont Yankee nuclear plant in Vernon, an economic development fund for the Windham region is being established, to which Entergy will contribute a total of $10 million over the next five years.
Details from VTdigger.com:
The state and Entergy have reached an agreement that will ensure that decommissioning of the state’s lone nuclear power plant could begin in the next 10 to 15 years.
An accord between Entergy and the administration was announced during a news conference Monday in Montpelier. The agreement sets a decommissioning goal for the 2020s, sooner than required by the Nuclear Regulatory Commission’s 60-year permissible timeframe.
“I’m pleased to announce that we have come to an agreement that really will emphasize the areas that unite us – all good news for Vermonters – and help to set the stage for the areas of concern that are shared not only by Entergy, but the folks at Windham County and the people across Vermont,” Gov. Peter Shumlin said. READ MORE AT VTDIGGER.COM