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April 9, 2008 in Rutland Herald By SEN. CONDOS and SEN. BILL CARRIS Vermont ratepayers and taxpayers could be on the hook for up to $800 million in cleanup costs at Vermont Yankee unless the state acts swiftly to assert its rights in a pending transaction. We are not against nuclear power. In fact, we believe it may be a necessary part of our future energy portfolio. It must, however, be pursued in a way that is safe, reliable, and does not leave Vermont ratepayers with empty pockets. Entergy Corp., owner of the Vermont Yankee nuclear power plant, is engaged in a complex restructuring that will allow it to duck promised obligations to Vermonters, by spinning off its merchant nuclear plants to a weaker, highly leveraged ($7 billion debt) entity that will likely be in poor position to pay the bills for the inevitable decommissioning of the plant. In this case, who pays? You guessed it - you and I through higher taxes and electric bills. more... |
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The bigger picture is that Brattleboro sits in the shadow of a 20 year old Nuclear Power Plant Nuclear power is dangerous, dirty, expensive and un-sustainable. While many still naively believe that nuclear power is safe, and is in fact, green - the opposite is true. Of all types of energy, Nuclear Power is the worst CO2 producer when you consider the full fuel cycle from mining and extraction to enrichment, Learn More... |
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