first_imgSpeaker Shap Smith and Senate President Pro Tem Peter Shumlin, today reiterated that it will be incredibly difficult for the Vermont General Assembly to act in 2010 on the question of continued operation of Vermont Yankee unless a power purchase agreement between Vermont utilities and Entergy is filed with the Vermont Public Service Board before November 1, 2009.  In addition, the legislative leaders again noted that before the General Assembly acts there needs to be a requirement in place for Entergy to have enough assets to pay for restoration of the site upon the closing of Vermont Yankee. It would be irresponsible for the General Assembly to make a decision regarding the continued operation of the Vermont Yankee plant without a full understanding of the economic impact that it will have on Vermonters during these touch economic times, said Senator Shumlin. With the market price of power currently at 4.1 cents a kilowatt hour, the claim by Entergy Louisiana that Vermont Yankee will be the cheapest source of power for Vermonters remains to be seen. We have been clear through legislation and communication with Entergy Corporation that the decommissioning fund shortfall needs to be resolved and the Purchase Power Agreement needs to be in place before the General Assembly can act on whether or not Vermont Yankee can continue to operate beyond 2012, said Speaker Smith.  We remain firm on these two points.Source: Senator Shumlin’s office. 10.7.2009last_img read more