$814,000 offered for projects after Vermont Yankee nuclear plant closes

BRATTLEBORO, Vt. (AP) — Five Windham County projects have been selected to receive $814,000 in grants after the Vermont Yankee nuclear power plant shuts down.

Last year after the power plant's owner, Entergy Nuclear, announced it was closing the plant, it agreed to contribute $10 million over five years for economic development in the county.

But Gov. Peter Shumlin said when he reviewed the 24 proposals, he found most didn't offer the "transformational new jobs and economic opportunity we were hoping for."

He said he's asked Commerce Secretary Paul Moulton to revamp the application process to encourage creative partnerships and attract new capital and ideas.

Grants are going to the Bellows Falls Area Development Corp.; the Brattleboro Development Credit Corp.; the Sustainable Timber Investment Exchange; the Strolling of the Heifers; and United Way Windham County.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs