A state report
says the fund set aside to pay for dismantling the Vermont Yankee nuclear plant
when it shuts down took a big hit in October, losing more than $33 million.
It
looks likely that Governor Jim Douglas will veto a bill relating to the
decommissioning of Vermont Yankee. The
bill says that if Vermont Yankee is transferred to a new limited liability
company, the new company has to prove it can cover the full cost of dismantling
the plant.
Vermont Yankee’s
owners want to use money from its decommissioning fund to pay for spent fuel
storage instead, and that plans is drawing criticism from lawmakers.
The House today overcame objections from the business community and approved a
bill targeted at the Vermont Yankee nuclear plant. The
bill says the plant owners have to guarantee that there’s enough money
available to dismantle the plant after it’s shut down.