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.

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