Officials say the decommissioning trust fund for Vermont Yankee nuclear plant has fallen by 10 percent in the past month. That’s more than $40 million.
The spokesman for the Department of Public Service Steve Wark says the fund – like pensions and 401 (k) accounts – has been hit by the financial turmoil on Wall Street.
He says because of the drop the state has asked plant owner Entergy Nuclear to provide monthly rather than biannual reports on the fund.
The fund would pay to dismantle Vermont Yankee. It dropped from $427 million on March 31 to $397 million on September 30th.
The fund is about $400 million short of recent estimates needed to shutdown and cleanup the plant.