Vermont Nuke Plant to Close
Company, state were in midst of legal fight
By John Johnson, Newser Staff | Suggested by pg13
Posted Aug 27, 2013 11:39 AM CDT
In this Aug. 6, 1979, photo, protesters march past the Vermont Yankee nuclear power plant in Vernon, Vt.   (AP Photo/Donna Light, File)

(Newser) – Vermont's lone nuclear plant will shut down at the end of next year, reports the Burlington Free Press. Entergy, the company that runs the 41-year-old Vermont Yankee plant, said the decision to shutter it was based solely on financial factors—including the boom in natural gas production across the nation through fracking. But it surely didn't help that the state has been fighting for years to shut it down for a host of reasons, including its age.

The legal fight had been an interesting one, as the AP explains. The state gave itself the authority to shut down the plant, but a federal appeals court ruled earlier this month that Vermont had overstepped its bounds—that only federal regulators could do so. Despite that legal victory, Entergy concluded that it no longer made sense to keep the plant running. After it stops producing power, the plant will remain under the watch of the Nuclear Regulatory Commission as its parts cool down ahead of removal.

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Aug 29, 2013 9:44 AM CDT
Small government and let private industry do its thing. It will not be easy to unravel the mess we have our selves in. Progressive policies have "infected " our way of life and the first thing to go should be the progressive income tax. I would like to see a form of the fair tax come into being.
Aug 27, 2013 4:30 PM CDT
r5473c, you say "Lovins [a veteran energy expert and chairman of the Rocky Mountain Institute] notes that the U.S. nuclear industry has received $100 billion in government subsidies over the past half-century." Okay... so that's around $15 per family per year. I'm not too concerned. China spends billions going around the world making fancy energy deals everywhere, and they are spending over $300 billion on a very energy efficient super-high speed rail system to move people and goods around the country. It is reasonable for any government to concern itself with energy and transportation. Trying to label all government spending as welfare and socialism is not too reasonable. Now, whether or not nuclear power makes sense, and whether or not government subsidies for it make sense, I really don't know. But I do know that first world nations care about such things.
Aug 27, 2013 4:13 PM CDT
Here is the Welfare State and the Big Sucking Sound of Government Socialism: In 2005, the Energy Policy Act provided another $13 billion of subsidies, tax incentives and other support for the nuclear power industry. It also created the energy loan guarantee program. In December 2007, the Congress and George W. Bush approved $20.5 billion in nuclear loan guarantees for new reactor plants and uranium enrichment facilities.