WebHeader_Grove.png
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Support independent journalism with your sustaining membership.
NH News

Estimate: Vermont Yankee Shutdown Will Cost $1.24 Billion

vy_0.jpg
Via the NRC
/

The Vermont Yankee nuclear plant is out with a new estimate of what it will cost to decommission the reactor, manage high-level radioactive waste and restore the plant site.

And that figure — about $1.24 billion — is nearly double what plant owner Entergy Corp. currently has saved up in the plant's decommissioning fund.

Vermont Yankee Martin Cohn says $368 million of the total is attributable to the need for the plant to manage its high-level radioactive waste. He attributes much of that cost to the failure of the U.S. Department of Energy to develop a long-awaited plan for removing highly radioactive spent fuel from commercial reactors around the country.

Vermont Yankee announced 14 months ago that it would close at the end of this year.

 

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.