By Mike Faher, VTDigger — photo of VY reactor by Mike Faher
VERNON – Entergy has agreed to sell Vermont Yankee to a cleanup contractor, paving the way for decommissioning and site restoration to be completed by 2030 – 45 years sooner than had been planned.
The sale of the shut-down Vernon nuclear plant and all of its assets — including the decommissioning trust fund, which held $574.9 million at last report — to New York-based NorthStar Group Services Inc. is expected to close by the end of 2018, administrators said Tuesday. The deal is subject to approval by the Vermont Public Service Board and the federal Nuclear Regulatory Commission.
Also on Tuesday, Entergy announced that the plant’s spent nuclear fuel may be moved into sealed dry casks by the end of 2018, two years sooner than expected. That will hasten additional layoffs.