AG seeks to ensure all Vermonters are protected in sale of Vermont Yankee

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AG seeks to ensure all Vermonters are protected in sale of Vermont Yankee

Tue, 03/07/2017 - 11:59am -- Anonymous

Vermont Business Magazine Attorney General Thomas J Donovan, Jr, filed a motion to intervene as a party in the Vermont Public Service Board’s review of the sale of Vermont Yankee. Entergy is requesting the Board to authorize the sale of the Vermont Yankee nuclear plant and its decommissioning trust fund to New York based NorthStar Group Services, Inc.

The Attorney General’s filing identifies significant environmental and financial issues that are at stake in this case. The sale impacts not only ratepayers, but all Vermonters, given the magnitude of the clean-up required to restore Vermont Yankee to unrestricted use. The filing also notes the Attorney General’s Office current litigation against Entergy’s use of the nuclear decommissioning trust fund before the U.S. Nuclear Regulatory Commission.

Attorney General Donovan said, “at first glance, it looks like a good deal if it will get the site cleaned up faster. But we need to really kick the tires and make sure the new company is going to be able to clean up the site. My Office is going to look at this deal closely, with an eye toward ensuring that the site is fully cleaned up, and without any costs falling on the Vermont taxpayer.”

The Attorney General’s Office plans to work closely with the lead agencies in the Board proceeding: The Department of Public Service and the Agency of Natural Resources. Attorney General Donovan added, “it will be a team-based approach. We are working together to protect Vermonters and see if we can get this site cleaned up the right way.”

Source: Vermont AG 3.7.2017