News Summary: Vermont nuke plant to close

News Summary: Vermont Yankee nuclear plant will close, be decommissioned by end of 2014

Associated Press

NO NUKES: Vermont's only nuclear power plant will shut down by the end of next year, ending a legal battle over the future of the 4-decade-old plant.

STATES RIGHTS: The state senate quashed an attempt in 2010 to authorize an operation permit good for another 20 years due to concerns about the plant's safety, age and misstatements by plant management about components at the reactor. Vermont is also home to one of the nation's strongest anti-nuclear movements.

EXTERNAL FACTORS: Nuclear plants have been under significant price competition due to the recent natural gas. The owner cited low wholesale energy prices, high costs and what it called artificially deflated energy prices.

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