Nuclear power plant predicts $1.24B decommissioning cost

Associated Press

Nuclear power plant predicts $1.24B decommissioning cost

MONTPELIER, Vt. (AP) — The Vermont Yankee nuclear plant has made formal its prediction that decommissioning the reactor will cost $1.24 billion.

The soon-to-close plant announced that cost estimate in October and repeated it Friday in documents filed with the federal Nuclear Regulatory Commission.

The plant currently has about half that amount saved up to dismantle the reactor and complete other tasks. It's expected to be at least the early 2040s before the fund has grown enough to pay for full decommissioning.

Vermont Yankee owner Entergy Corp. announced in August of 2013 that it would shut down at the end of this year because the plant was no longer economical to operate.

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

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs