Vermont Yankee’s closing next year to leave a hole in state budget

Entergy Corp.’s decision to shut down the Vermont Yankee nuclear plant in October 2014 will come at a cost to the state of Vermont.

In addition to the loss of more than 600 jobs and the many economic benefits the plant brings to the Windham County region, the state will take a budget hit of $11.5 million to $12.5 million a year.

That’s because if Vermont Yankee isn’t producing power, Entergy pays no taxes on the plant. The state assessed a 0.0025 per kilowatt-hour power generation tax on Yankee last year; Vermont Yankee does not pay statewide property taxes.

Entergy sued the state in federal court over the new tax. A federal judge dismissed Entergy’s case in October, and the company’s appeal is pending. Even if Entergy’s appeal were successful, the Louisiana-based company would still have to pay about $6 million a year to Vermont while the plant is operating.

The Shumlin administration and the Legislature would have to alter the state tax structure to address the issue.

Secretary of Administration Jeb Spaulding. VTD/Josh Larkin

Secretary of Administration Jeb Spaulding. VTD/Josh Larkin

“Under the current scenario, we do know there will be a loss. It is significant in size,” Secretary of Administration Jeb Spaulding said. “That will be one of the challenges we’ll have to address when dealing with the budget.”

This next legislative session the House Ways and Means Committee and the Senate Finance Committee will look at revenue options for fiscal year 2015 and beyond. The exact size of the fiscal year 2015 budget shortfall is tied to just how much power is generated between July 1, 2014, and when the plant is shut down.

Entergy Vice President Jeff Forbes said the plant would shut down at the end of its current refueling cycle, 18 months from the last time it was refueled, which was April of this year. Entergy has not yet provided a final shutdown date.

The generating tax Entergy pays quarterly to the state is contingent on how much electricity Vermont Yankee produces during the previous quarter. If Vermont Yankee closes at the beginning of October — which is after one quarter of the fiscal year that begins July 1, 2014 — Entergy would pay the state for two quarters, or six months, worth of taxes.

Under the current tax structure, this would provide Vermont with roughly $6 million in revenue from the plant in FY 2015, about half of its current obligation.

State Senator and Burlington mayoral candidate Tim Ashe. Courtesy photo.

State Sen. Tim Ashe, D/P-Chittenden. Courtesy photo.

Sen. Tim Ashe, D/P-Chittenden, chair of the Senate Finance Committee, says legislators need to figure out how to replace the generating tax this session.

“Do we need to figure out a new way to tax the plant? Yes,” he said. “Figuring out how to do that will be tricky, and we’ll probably look to other states for ideas, if not guidance.”

The plant’s shut down in the middle of the fiscal year complicates matters, Ashe said.

“We need to devise two revenue treatments,” he said. “One for the first half of the fiscal year, and one for the second half when it’s no longer generating. We really need to do this this year. We can’t wait.”

Rep. Janet Ancel, D-Calais, chair of the House Ways and Means Committee says a new tax structure can’t wait.

“We will have to replace the revenues somehow or make cuts,” she said. “I don’t know where we’d cut. I think what we’ll do probably come January is look at the tax structures other states have and see if there is a substitute for revenues that makes sense.”

One state that will be of little help to Vermont legislators is Maine. David Heidreich, spokesman for the Maine Department of Administrative and Financial Services, said that Maine never applied a generation or property tax to the now decommissioned Maine Yankee plant.

“There was no generating tax or statewide revenue shortfall encountered as a result of the decommissioning of the plant,” he said.

Clarification: Vermont Yankee does not pay a statewide property tax, but it does pay a municipal property tax to the town of Vernon. According to town records, Vermont Yankee paid Vernon $1.14 million in fiscal year 2012, $1.34 million in FY 2013 and $1.3 million in FY 2014.

Andrew Stein

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79 Comments on "Vermont Yankee’s closing next year to leave a hole in state budget"

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Deb Tyson
2 years 8 months ago

Grass not so green now huh? I swear if an award could be given to stupid , Montpelier would win first prize. As for taxing us more, forget, you figure it out, you wanted it gone and should of been prepared for this long ago, were already taxed to death in a state with no decent jobs left.

Sandra Bettis
2 years 8 months ago

should have, not should of.

2 years 8 months ago

A Governor and Legislature that have long insisted that the Vermont Yankee plant be closed, apparently have given no consideration of how to deal with the resultant consequences. The loss of the generation tax is undoubtedly only the beginning of what is to come.

Another example of the Governor’s “Ready, Fire, Aim” management style.

Coleman Dunnar
2 years 8 months ago
How naïve to expect foresight from our elected officials their only horizon is the next election. Example – Right now the crying is about $6 million in the first half year. What about the $11-12million in subsequent years. Let’s not even consider the loss of tax revenue on the approximate $55 million in salaries annually and for extra measure anybody run the numbers on the impact the loss of the 400 plus at IBM jobs will have on revenue? The solution as offered by Ashe and the band of visionaries is to find another way to tax VY. The time… Read more »
Lance Hagen
2 years 8 months ago

Hey, Shumlin has this lost revenue all figured out. That’s why he was on TV late night talking about legalizing and TAXING marijuana

2 years 8 months ago
Peter, The SPEED and Ridge line RE programs are follies (part of the shoot-from-the hip management style) producing energy at 3-4 times grid prices, for the benefit of a few well-connected, multi-millionaires looking for tax shelters, with everyone else footing the bill. Below is a a summary FYI: All, The “fix” is in, i.e., laws, rules & regulations, and the “right people” are in place. The deck is stacked. The stage is set. Vermont is “on a mission, to make a difference”. World CO2 emissions: 33,990 million metric tonnes in 2011, 830 million metric tonnes greater than in 2010, or… Read more »
2 years 8 months ago
Peter, For your info: This folly is in addition to the folly of closing Vermont Yankee by end 2014, instead of by end 2032. VY annual production = 620 MW x 8760 hr/yr x CF 0.90 = 4,888 GWh/yr, almost as much as Vermont’s 5,600 GWh/yr electrical consumption. Energy: near-CO2-free; low-cost, about 5.5 c/kWh; steady, not intermittent, variable as with Lowell; available 24/7/365, not when the wind blows, as with Lowell. Direct job losses: VY about 630. Indirect job losses in Windham County at least 800. Note: additional jobs are lost in New Hampshire and Massachusetts, but are not counted… Read more »
John Greenberg
2 years 8 months ago

“Another example of the Governor’s “Ready, Fire, Aim” management style.”

But deadeye Douglas, manager par excellence, during whose term the Vermont Senate voted to shut the plant down and whose DPS opposed granting a CPG for further operations had it all figured out. Right Peter?

Since I missed the Douglas plan, I’m sure you’ll be happy and proud to share it with us.

Carl Werth
2 years 8 months ago

I think Shumlin and Sorrell should stand up and pay for their desires. They wanted it closed so bad – okay, tax the two of them to pay for the budget shortfall.

Peter Liston
2 years 8 months ago

1) Entergy made the decision to close the plant, not Shumlin or Sorrell
2) The plant was always scheduled to close 40 years after it opened (1972)
3) If politicians are going to foot the bill for their public initiatives, the Bush family will have a huge debt to pay off!

Carl Werth
2 years 8 months ago

1) My most liberal friends tell me it is surely because of the pressure put on Entergy and I am not to believe Entergy’s decision at face value.

2) Maybe so, but the NRC was fine with another extension.

3) Unfortuantely, I bet they can afford them.

Peter Liston
2 years 8 months ago

The NRC might have been fine with an extension but the marketplace determined that the cost of operating the nation’s oldest nuclear plant was higher than the ability to profit from it.

It’s over. The fat lady has sung.

Walter Judge
2 years 8 months ago

“It’s over. The fat lady has sung.”

And so has the tax revenue from the plant, and all the other funds the Legislature got from the plant, not to mention the economic benefits to Windham County and the entire state.

Peter Liston
2 years 8 months ago

That’s right, Walter. Totally correct. So let’s focus our efforts on that problem instead of continuing to beat the dead nuclear horse.

Kathy Nelson
2 years 8 months ago

Sorry Carl, Shumlin is busy paying homage to the Chinese and Sorrell has his hands full suing the EPA over outdoor woodstoves. Vermonters would have better luck getting a tax increase on Jeremy Dodge’s house than getting Shumlin and Sorell to pay for their stupidity.

Douglas Warren
2 years 8 months ago

Here’s an idea. How about actually reducing spending instead of once again looking for new ways to tax Vermont’s.

David Dempsey
2 years 8 months ago

Douglas, you should know better. That makes too much sense. Our lawmakers have trouble with that concept.

Craig Powers
2 years 8 months ago

When the “unintended consequences” of poorly thought out legislation, and Progressive politics, from the super majority in Montpelier begin to happen…the only chorus we will hear is to “raise taxes”. The fictitious money tree behind the State house is always in bloom! Even in January.

Look back to the last session when they tried to vote for “tax reform” two days before the session ended. This is proof that the super majority cannot help themselves and really do not think very clearly about the consequences of their votes.

Stan Hopson
2 years 8 months ago

Great comments!

cathy bergmann
2 years 8 months ago
Now that everybody’s got their ‘I TOLD YOU SO’S IN’, how about some ideas for the future. First, we should be looking at a replacement energy provider. Green energy ideas should be popping up all over the place. Solar fields, windmill farms, low flow hydro, but the biggest thing we might want to consider is a NEW NUCLEAR. Safer, less expensive to run, or perhaps to look at even newer technology down the road in the next decade. I agree that these things should be in the pipeline already. A think tank of engineers, ‘thinkers’, economists, employees of VY, scientists,… Read more »
Kathy Nelson
2 years 8 months ago
Cathy, with all due respect, your comment sounds like either an advertisement for more foreign investors or a failed Fox News soundbite. Solar units and grossly destructive industrial wind turbines are mostly made in China. The manufacturing and the mining for rare earths and the processing steps for making solar and IWT units have savagely polluted that country. History will likely record IWTs as the worst energy scam the world has ever seen. Big hydro causes severe flooding of large areas and requires a massive and invasive transmission system. Natural gas comes from fracking which has been accused of causing… Read more »
cathy bergmann
2 years 8 months ago
I don’t know who you are, but the reason all the wind turbines and solar are made in China is because the Republican driven house won’t spend money on their production here. FOX NEWS BITE…please . There are small companies right here in Vermont designing and building solar, but you can’t jump all over the place as your mind seems to. You can’t save the planet or the budget with backyard energy plants you must also engage the larger green energy corporations. Take a look around the globe and see how far behind we are. It is disheartening that a… Read more »
Kathy Nelson
2 years 8 months ago
Cathy, you sound very frightened and it was not my intention to make your fear worse. I do not blame Republicans and Democrats for what America has become, I blame us, the people, for letting it happen. I’ve lived in Europe, Cathy, and I have served in the US military. The US is not as bad off or as “far behind” as you seem to think. Where we are losing ground is in the ability and willingness of the people to keep their politicians and government under control. There is no energy crisis in this country. There wasn’t one when… Read more »
cathy bergmann
2 years 8 months ago
I am not afraid…I am disappointed and discouraged and disgusted. I have a lot of ways to make America better, but when people such as you keep your head in the sand and just because you’ve been to Europe and been in the military feel you have some kind of validity does not really impress me. I have had family who would often claim the same, but the truth was that combination insulated them from the realities of what was going on in the REAL WORLD! When you say things like ‘there is no energy crisis in this country’ and… Read more »
William Schulze
2 years 8 months ago
To all you people who’re talking about Vermont Yankee employees hanging around the state of Vermont to run solar or wind farms… I suggest that you pull your heads out of your posteriors. Are you NUTZ?! After nearly 34 years of personally having my company and co-workers spit on, get manure thrown at them and be a cash cow/extorted for what ever the club in Montpelier wants that day, I’m taking my talents elsewhere. If people are decrying the lack of tax and charitable contributions from the company/employees, TFS. Watch out for what you ask for. I sure that Scumlin,… Read more »
Peter Liston
2 years 8 months ago

So long William. Safe travels.

Walter Judge
2 years 8 months ago

I can understand William’s anger and frustration. Instead of demonstrating any sympathy whatsoever, you tell him not to let the door hit him on the way out. Your response is perfectly reflective of the hysterical, hostile, shut-it-down-at-all-costs, damn-the-consequences, too-bad-so-sad-for-the-workers, and let-everyone-eat-cake attitude of the anti-VY mob.

Peter Liston
2 years 8 months ago

“you tell him not to let the door hit him on the way out.”

That’s actually not what I said at all. You form a lot of conclusions by making inaccurate assumptions.

Don Peterson
2 years 8 months ago

Ideas for the future:

1.) Own up to your own share of global warming.

2.) Opt out of a lifestyle based on fossil fuels.

3.) Turn your back on the idea that politicians are capable of solving all your problems, and solve them yourself.

4.) Point out to every emperor you meet that he has no clothes on…..

Kristin Sohlstrom
2 years 8 months ago

One thing I’d like more answers on is what happened to the $2 million fee VY was paying into the Education Fund up to 2012? I see they didn’t pay it this year but I doubt the Education Fund went without the money. Who is picking up the slack exactly? I’m not looking for “of course taxpayers are” comments, I’m looking for EXACT information.

For instance, is this part of why our property taxes went up in 2013?

Andrew Stein, is this something that could also be reported on? Thanks!

Elisabeth Hebert
2 years 8 months ago
Has any of you who cries for the lost tax money read what Japan has to pay now to contain the Fukushima catastrophy? Lets first be working on shutting this accident-prone plant safely down, and decommission it with a greenfield. Since we anyway didn’t get any of the energy it produced, we shouldn’t have too big a problem there. First of all learn to use less energy and produce it on a smaller scale is a step that has finally to be taken – it is more than high time for that. Maybe that way there is less profit for… Read more »
Lance Hagen
2 years 8 months ago

The standard (and over used) sound bite from the far left …… all the troubles in the world are caused by the ‘evil empire’ (big corporations) …… this makes life so simple since they have someone to blame.

Sandra Bettis
2 years 8 months ago

and who would you blame??

Eric Rutz
2 years 8 months ago
I blame the greedy people who go to work for these evil corporations!!! THEY are the enablers of the Empire! People like my neighbors – who look nice but they’re not. They’re EVIL. They awake in the morning and put their feet on the floor with a big “boo ha ha!” (wringing their hands together no doubt) while salivating at the prospect of yet another day manipulating the 99% to fulfill their greedy desires. How fun to rob the poor and steal from our most vulnerable citizens while calling it WORK. They go, clad in black, to IBM, FAHC, GMCR,… Read more »
Peter Liston
2 years 8 months ago

The standard (and over used) sound bite from the far right …… all the troubles in the world are caused by the ‘evil empire’ (big government) …… this makes life so simple since they have someone to blame.

Sandra Bettis
2 years 8 months ago

peter, i couldn’t have said it better! thank you!

Carl Werth
2 years 8 months ago

Peter apparently only has problems with the hyperbole of the right. He has no problem with the hyperbole of the left.

Peter Liston
2 years 8 months ago

Carl, Robert, My comment was in reference to what Lance wrote above. I was demonstrating the point that you’re making: that both left and right have standard soundbites, strawmen and scapegoats.

Interesting that you took issue with my comment but had nothing to say to Lance’s nearly identical comment.

mike dunbar
2 years 8 months ago

In 1 year, 2 major employers in Vermont have shed a significant number of jobs. IBM lost 420 people, and now VY is losing 650. These were HIGH PAYING jobs that will not come back. Assuming an average of $80K salary, the lost salary total is 85 Million!! Expect your taxes to increase even more to make up for this shortfall, because Montpelier will not reduce spending.

Kristin Sohlstrom
2 years 8 months ago

Not all VY employees lived in VT or were from VT. This affected 3 different states and is the epitome of what selfish looks like. At the end of the day, nothing changes in the world of nuclear energy in our area because there are evermore nuclear power plants in the same vicinity. What a farse all of this has turned into, huh?

On top of that, people are CELEBRATING that an entire professional industry has been wiped out of VT. What a weird state of mind people have these days. And dangerous.

Sandra Bettis
2 years 8 months ago

you might want to read or watch ‘the voices of chernobyl’ before you think that closing vt yankee is not a cause for celebration.

Carl Werth
2 years 8 months ago
What’s really to celebrate, Sandra? Besides a seemingly hollow victory, I mean.The entire building (including ithe reactor itself) will be there for a long time to come (they call it SAFESTOR – ha!) and so will the fuel rods. On top of that – it willl ALL still be owned by an untrustworthy corporation known as Enetrgy for years and years and years to come. It seems like not much has changed – and we will still be living alongside the radioactive danger of the spent fuel rods which will remain at the site virtually forever. Meanwhile Seabrook in New… Read more »
Sandra Bettis
2 years 8 months ago

i agree there is much work to do – but we need to celebrate when we can – there is not a lot to celebrate in the world right now.

Carl Werth
2 years 8 months ago

I don’t mean to be a party pooper, Sandra. You are right that we need to celebrate when we can. However, I just think it is important that everyone is aware that even though VY is closing – not much really changes when you get down to it, unfortunately.

Sandra Bettis
2 years 8 months ago

don’t forget the state employees.

Jim Mulligan
2 years 8 months ago
Does anyone ever look at the State’s P&L & Balance Sheet [on & off] in terms of attaining the elevated levels of accomplishments with which we are so repeatedly inundated? Accordingly, may I move to the pragmatic side of the ledger having politically despaired long ago. Considering Vermont’s decades of legislative, regulatory, legal and other machinations dedicated to bringing to pass what the market place has now dictated – a question comes to mind. Reflecting on the aged time-line, the dedication and the expenditure of millions, it strikes at one, untoward conclusion aside, that obviously somewhere in the archives or… Read more »
Wayne Andrews
2 years 8 months ago
There seems to be an attitude in Vermont in the last 25 years they the people keep going back to the same individuals that cause the problems. If you had a lousy roofer install a shingled roof on your house and it leaked constantly do you go back to the same roofer for advice on how to repair? No, but yet we keep electing these liberals in office that cause this state harm solely due to their personal wants and perception of a pure life style. Voters, change the way you cast your ballot or this is going to get… Read more »
Sandra Bettis
2 years 8 months ago

and what do the ones who work less than 30 hrs do for health care?

David Dempsey
2 years 8 months ago
I haven’t taken a side on the VY issue. I feel that there are a lot of pros and cons whether it was shut down or stayed in operation. But one thing that has been mentioned often as a reason to close the plant is the fact that none of the power produced is used in Vermont. Why not? Most likely it is because Vermont power companies contract with power providers, sometimes for several years. Each of these providers supply some percentage of utilities annual need. If they need more, they buy it from the New England grid. What business… Read more »
Anne Beagle
2 years 8 months ago

Well, it appears Vermont’s goal is taxing its entire tax base right out Vermont. Let the exodus continue.

Elisabeth Hebert
2 years 8 months ago

All the discussion is about money, money, money. The closing of VY is cause for celebration because it is a 40 year old plant that already had so many failures, leaks, and accidents, the company lied about, that a big accident like Fukushima , is waiting to happen, at least a big risk. Is money these days more important than our lives and our health?
Has everybody forgotten that there is no way to get rid of the highly poisonous waste, that is produced by these plants? Highly poisonous for tens of thousands of years?
Money seems to be eating brain…..

2 years 8 months ago

Willem:

It’s breathtaking that the figures you provide are totally ignored by the renewable energy/anti-nuclear forces in Montpelier. You would think that someone in the administration or legislature would have the duty, if not at least intellectual curiosity, to look into what you are saying. They apparently don’t, showing the hazards of being driven by ideology vs facts. On the other hand, these same people are at a total loss as proved by their inability to rebut what you objectively demonstrate.

It’s important that you continue to put forward the facts.

Catherine Davlantes
2 years 8 months ago

It has been asked in the past. “Would the last person to leave please turn off the lights.”

Don Peterson
2 years 8 months ago
GAF Rubberoid left behind a waste pile of asbestos tailings the size of Stonehenge and sold it to a local corporation with no assets to clean it up; Entergy will do the same thing with VY now that the last bit of marrow is sucked out of its carcass. The difference is that VY will abide on the landscape as a radioactive footprint for 25,000 years. The Great Pyramids will be nothing but a pile of gravel by that time. Against that, a short term lack of tax funds (that seem to mysteriously migrate up the financial food chain) seems… Read more »
2 years 8 months ago
John Greenberg, your comment citing “Deadeye Douglas” and Vermont Yankee (VY) closing, further reinforces the point about Governor Shumlin’s “Ready, Fire, Aim” management style and failure to do his homework. As you undoubtedly know, no one can change history. A person can only learn from it. So your historical supposition that Gov. Douglas had no plan to deal with the aftermath of a VY closing clearly demonstrates that Gov. Shumlin learned nothing from history in this case, as he has presented no plan. This is not surprising given an individual with a proven pattern of failing to do his homework… Read more »
Bob Stannard
2 years 8 months ago
Yes, but Mr. Yankowski, does it not stand to reason that if Gov. Douglas even suspected that there might be a chance that the plant could close in March of 2012 that he perhaps should have spent some time during his eight years leading up to that date to at least address this possibility and prepare for it? When Gov. Shumlin took office I believe that this was the first time any significant dialog as to how to address the plant’s closing occurred. Now, you can perhaps find fault in whether or not work has happened quickly enough, but at… Read more »
Pete Novick
2 years 8 months ago

“The only thing worse than not getting your heart’s content, is getting it.”

– Oscar Wilde

2 years 8 months ago
Bob it was John Greenberg that elected to drag Gov. Douglas into the debate, which was probably done more to get my goat as opposed to adding anything constructive to justifying Gov. Shumlin’s failure to plan for the consequences of Vermont Yankee’s (VY) closing. Then you, as John’s dutiful “tag-team” partner, jumped in to again defend Gov. Shumlin’s lack of planning that would most likely be graded as an “F” in any freshman management course. So based on John’s introduction of a red herring, you start with a faulty premise in going back to Gov. Douglas’ time, when the howling… Read more »
Bob Stannard
2 years 8 months ago
Mr Yankowski, your response is a bit of revisionist history. The plant was scheduled to close in 2012. There was no guarantee that the NRC was going to extend the license of the plant during the Douglas’ Administration. There was also no guarantee that the PSB was going to grant a Certificate of Public Good to allow the plant to continue to operate. Since this was the reality then the prudent thing for Gov. Douglas to have done would have been to at least prepare for the possibility that the plant might close. Instead, the adminstration did nothing. It’s not… Read more »
2 years 8 months ago

Bob, back in Gov. Douglas’ days, I don’t recall anything indicating that Entergy intended to close the plant. As a matter of fact just about everything they were doing pointed toward continued operation.

So, if as you say that Gov. Douglas did nothing when he should have been planning, brings us back to my originate point, Gov. Shumlin learned nothing from history.

Bob Stannard
2 years 8 months ago
Peter, you’re right. Entergy never intended to close the plant. But the plant WAS scheduled to close on March 21, 2012. That’s when their license ran out and that’s when the CPG ran out. There was no guarantee that the NRC was going to extend the license. There was no guarantee that the PSB was going to grant a CPG. It was not Entergy’s call whether or not the plant continue to operate. It was the NRC’s and Vermont’s. Entergy bought the plant with the understanding that it was to close in 10 years. There was no commitment and/or guarantee… Read more »
2 years 8 months ago

Bob, you win. You have totally worn me out.

Now you can turn your energy and lobbying skills to what’s really important, convincing Gov. Shumlin that he needs to do his homework before acting.

Bob Stannard
2 years 8 months ago
Well, it’s not about winning, Peter. It’s more about trying to set the record straight and get the facts out. It’s a fact that the plant was designed and permitted for 40 years. It’s a fact that when Entergy bought the plant in ’02 that there was no guarantee it would operate beyond 2012. Those two facts should have been enough for any governor, even one who was supportive of the plant’s continued operation, to at least plan for the possibility that it might close as scheduled. Instead, Gov. Douglas opted to go the Calvin Coolidge route: If you don’t… Read more »
Bob Stannard
2 years 8 months ago
Peter, I don’t think going to the truth qualifies as being a “diversion”. You were chastising Gov. Shumlin for his lack of planning on the closure of VY, which may or may not be justified. You opted to ignore the fact that former Gov. Douglas should have also been preparing for the closure of the plant as we’ve duly noted. It’s only fair that if you going to take the current governor to task that some responsibility for the lack of planning for the plant’s closure lies at Gov. Douglas’s feet. This has everything to do with a previous governor’s… Read more »
2 years 8 months ago
Bob, “The only reason for it to continue was so Entergy could make more money. Once it became a loser they closed it.” Vermont’s government should do the same with the SPEED program and Lowell-type wind turbine plants on ridge lines, instead of wastefully letting fester along. Both of them produce energy at about 3-4 times grid prices, and that can also not go on. The sooner Montpelier’s political leaders realize it, the better. Further such production of expensive, variable, intermittent, grid-destabilizing energy, i.e., junk energy, will excessively burden Vermont’s low-growth/no-growth economy, which will be harmful to job growth, wage… Read more »
Don Peterson
2 years 8 months ago
Peter and Bob: Here you have the whole climate change scenario laid out in front of you: all the warnings and deadlines in the world wont make political operatives act if a.) actions cost money b.) the consequences of inaction come later. Closing VY was an inevitability that Peter Shumlin pretended he invented. It cost him nothing to support closure since it was sure to come someday. As far as global warming is concerned: most people I talk to think there is a magic bullet that will negate climate change, so why change behavior now? Actions cost money, and the… Read more »
Sandra Bettis
2 years 8 months ago

‘a magic bullet’?? i haven’t heard that one! could you be more specific?

Don Peterson
2 years 8 months ago

ITs just over the horizon next to the carburetor that Detroit took off the market because it saved too much gas….

Sandra Bettis
2 years 8 months ago

oh, i see – good to know that help is arriving.

John Greenberg
2 years 8 months ago
A little perspective here. Peter Yankowski seems to think that he can let Jim Douglas off the hook because Entergy didn’t announce that it was planning to close Vermont Yankee until recently. Vermont Yankee’s license was due to expire first in 2007 and then, by NRC’s magical extension process, in 2012. Although Entergy applied for relicensing during the Douglas administration, the NRC didn’t grant the new license until Peter Shumlin was governor. Moreover, in the absence of beneficial contacts, Jim Douglas’s DPS OPPOSED granting a CPG for continued operations (see final briefs in Docket 7440), which, had their position been… Read more »
2 years 8 months ago
Here’s my list: Sandra: Don’t give up on finding the magic bullet. We now have in front of us, nothing less than “green burials” as the latest piece of ammo in the war against global warming. Don: True actions take money, which is a dear commodity that must be used prudently. If actions are to be taken to tackle the global warming problem, lets make sure those actions really contribute to solutions. Taking expensive feel good actions that do nothing, gets us no where. Willem; Keep pumping out the truth about the effectiveness of the various energy sources and contributions… Read more »
2 years 8 months ago
John: I don’t mind you trying to get my goat, but your usual tactic of changing the subject to cause a diversion when you start to feel the heat just won’t work any more. The issue here is not Jim Douglas or my interest in defending him or not. As a matter of fact, here’s what I said to you in a Vtdigger post on 9/6 following your introduction of Jim Douglas into this matter as “Deadeye Douglas”: “I’ll admit that if Governor Douglas had a history, a pattern or a propensity not to do his homework, I would speak… Read more »
2 years 8 months ago
Bob, Mr. Shumlin has been Governor for nearly three years and before that he was the top man in the Senate. At what point does he own the problems this state is facing. Your comments sound something like what one would expect to hear from President Obama. It’s Bush’s fault or it wasn’t me that drew the red line. Regardless of what Bush or Douglas did in the past, blaming them today, does nothing to solve the problems tomorrow and it’s not what they were elected for or what the people expect. Time for the Governor to take ownership because… Read more »
Bob Stannard
2 years 8 months ago
You’re right, Peter. The situation re: VY is now Shumlin’s to own; just like the economy is now Obama’s to own. However, try as you may you cannot discount the events of the recent past of both situations and pretend that they never existed. I understand why the Rush Limbaughs of the world would like to pretend that Pres. Bush didn’t ruin the global economy, and why folks like yourself would like to pretend that Gov. Douglas had no responsibility for planning for the closure of VY, but that’s not how it works. There is what some folks would like… Read more »
John Greenberg
2 years 8 months ago
Peter: 1) I’ll believe you’re a critic of Douglas, or of any Republican, when I see it. I DID read your comment, and I noted the conditionals: “If Governor Douglas had a history … I would speak out….” Can you cite examples for us where you DID speak out?? Did Douglas prepare for Obamacare? That’s another of your “bad management” complaints about Shumlin, but Obamacare was passed while Douglas was governor? The exchanges have been on the books since early 2010. Planning for Vermont’s electricity future? Douglas never bothered. Vermont’s mental health facilities? Out of compliance throughout the Douglas term.… Read more »
2 years 8 months ago
Bob, as far as your comment about Bush ruining the global economy, remember this: The 2008 economic melt down occurred because of bank greed, abuse of mortgage derivative products, proprietary trading by banks and the Community Investment Act. At the urging of Sandy Weill, Chairman of Citigroup, President Clinton directed/worked with Robert Rubin and Larry Summers to affect the repeal of Glass-Steagal by promoting the passage of Gram-Leach-Bliley in 1999. At the time, President Clinton stated that the Glass-Steagal law was no longer appropriate. With this, the floodgates to abuse were opened. Around the same time in the late 1990s,… Read more »
Bob Stannard
2 years 8 months ago
It’s interesting how when it comes to planning for VY’s closing all that responsibility falls to the current governor, Mr. Shumlin. You say that it’s been up to him to do all the planning in anticipation of VY’s closing and that Gov. Douglas had little if any role to play. However, when we’re talking about the global meltdown it flips. The problems began under former Pres. Clinton. The fact that Pres. Bush was in office 8 years and apparently sat there stone silent and did nothing while the greedy bankers ran amuck doesn’t count. I think I understand your point… Read more »
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