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Drastic fall in value of Vermont Yankee nuclear power plant
http://vtdigger.org/2013/03/21/entergy-document-cites-drastic-fall-in-value-of-vermont-yankee-nuclear-power-plant-raising-questions-about-its-viability/
Entergy document cites drastic fall in value of Vermont Yankee nuclear power plant, raising questions about its viability
by Andrew Stein | March 21, 2013
<snip>
In a November 2012 filing with the U.S. Securities and Exchange Commission, Entergy Corp. informed investors that in March of last year the company estimated that the fair value of its Vermont Yankee plant had dropped to $162 million — three times less than the carrying value at the time of $517.5 million.
<snip>
The news of Vermont Yankee’s devaluation was brought to light almost a year later. The Rutland Herald’s Susan Smallheer spotlighted the issue on Thursday — a day after the federal Nuclear Regulatory Commission (NRC) asked Entergy for additional information on its finances.
“The NRC staff requires further information to insure that the licensee is meeting NRC requirements for financial qualifications,” wrote Richard Guzman, NRC project manager, roughly a year after his agency renewed Vermont Yankee’s federal operating license.
<snip>
NRC’s letter was sent out two days after a coalition of anti-nuclear activists petitioned the NRC to enforce federal regulations. The group filed a petition on Tuesday morning that accused Entergy of no longer meeting the financial qualifications to legally operate Vermont Yankee and the NY Fitzpatrick plants.
<snip>
Entergy document cites drastic fall in value of Vermont Yankee nuclear power plant, raising questions about its viability
by Andrew Stein | March 21, 2013
<snip>
In a November 2012 filing with the U.S. Securities and Exchange Commission, Entergy Corp. informed investors that in March of last year the company estimated that the fair value of its Vermont Yankee plant had dropped to $162 million — three times less than the carrying value at the time of $517.5 million.
<snip>
The news of Vermont Yankee’s devaluation was brought to light almost a year later. The Rutland Herald’s Susan Smallheer spotlighted the issue on Thursday — a day after the federal Nuclear Regulatory Commission (NRC) asked Entergy for additional information on its finances.
“The NRC staff requires further information to insure that the licensee is meeting NRC requirements for financial qualifications,” wrote Richard Guzman, NRC project manager, roughly a year after his agency renewed Vermont Yankee’s federal operating license.
<snip>
NRC’s letter was sent out two days after a coalition of anti-nuclear activists petitioned the NRC to enforce federal regulations. The group filed a petition on Tuesday morning that accused Entergy of no longer meeting the financial qualifications to legally operate Vermont Yankee and the NY Fitzpatrick plants.
<snip>