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.

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