MONTPELIER, Vt. — The owner of Vermont Yankee nuclear power plant says a new 20-year power purchase agreement it’s offering would be a $500 million boon to Vermont ratepayers, but legislative leaders say the price isn’t right.
Continue reading this story from the Burlington Free Press.
Read the documents Entergy filed on Dec. 18 with the Public Service Board that include the rate offer and proposed elimination of the revenue sharing agreement.
Entergy’s 20-year power rate offer to Central Vermont Public Service and Green Mountain Power for electricity generated from Vermont Yankee and its proposal to eliminate the revenue sharing agreement.
Letter of intent from Entergy Vermont Nuclear, filed by Downs Rachlin and Martin.
Unless I’m mistaken, an increase from 4.2 cents per kWh to 6.1 cents is 45% rather than “a third”.
BTW – While the purported $500 million savings sounds good (although based on some questionable assumptions), recall that the Gov. refused to support the original “all fuels” efficiency program even though the consultants hired by his own Dept. of Public Service said it would save Vermonters almost $500 million in 10 years. His argument? We can’t afford it. Interestingly, that effort would have left us with something concrete – investments in efficiency for buildings & machinery. The Entergy offer has nothing comparable. What will the Gov. say? Can we afford it Jim?