NEWJERSEYNEWSROOM.COM reporter Roger Witherspoon recently analyzed Entergy Corp.’s proposal to sell Vermont Yankee. Witherspoon interviews experts, including Mark Cooper of the Vermont Law School, about how difficult it will be for Entergy to find a buyer for the plant. The leak mentioned at the top of the story has since been repaired and the plant is in operation.
~ Anne Galloway
Here’s an excerpt from Witherspoon’s article:
The collapse of Entergy’s $180 million, 2002 cash investment in the nuclear power plant providing 30% of Vermont’s electricity, and its larger, mortgaged, purchase of the troubled twin reactors at Indian Point on the Hudson River in 2001, signal a remarkable reversal of fortunes for a well respected power company and the once high-flying prospects of the nation’s nuclear power. The billion dollar corporation’s rating by Moody’s Investor Service has dropped to Baa3 — just one step above what is professionally termed “speculative grade” but is generally known as “junk” status.
Read more: http://www.newjerseynewsroom.com/science-updates/is-nuclear-power-facing-a-reversal-of-fortune
