The probe, which was launched following a petition from four nuclear groups, will look into the finances of the Vermont Yankee, Pilgrim, and FitzPatrick nuclear plants. The groups involved in the request, which was first submitted in March, rejected, them re-submitted in April and accepted, include the Citizens Awareness Network, the Alliance for a Green Economy, Pilgrim Watch and Vermont Citizens Awareness Network.
The probe comes after Entergy announced that it would be writing down the value of the Vermont Yankee plant and laying off 5 percent of the staff due to financial troubles. According to the report, Vermont Yankee has seen substantial troubles since transitioning from steady contracts with Vermont utilities to being a merchant plant selling power on the open market, where prices are depressed on competition from cheap shale gas.
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