Entergy and Green Mountain Power reach settlement in Vermont Yankee case

Lawsuit settled between Entergy Green Mountain Power Vermont Yankee cooling tower failures collapse

The lawsuit between Entergy (NYSE: ETR) and Green Mountain Power, the largest electric utility in Vermont, has reached a settlement, the Associated Press reports.

Per the agreement, details of the settlement are sealed and both parties are prohibited from disclosing the amount.

The original suit stems from a Green Mountain Power claim that it incurred $70,000 a day in extra expenses after a cooling tower collapse at the Vermont Yankee nuclear power plant forced the utility to buy replacement power. Green Mountain Power requested $6.6 million to cover those costs in the suit, according to the AP.

Subscribe to Nuclear Power International magazine

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


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...