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Closing of Vermont Yankee Nuclear Power Plant

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Vermont Yankee nuclear power plant

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Entergy Corp will shut the Vermont Yankee nuclear power plant, citing high costs tied to regulation and competition from cheap natural gas, bringing to an end a long battle with state politicians and environmentalists seeking to close the plant.

The 40-year-old plant, which generates three-quarters of the state's power, will cease operations by the fourth quarter of next year, Entergy said.

Entergy's announcement came just two weeks after a federal appeals court largely sided with the company in its fight to prevent Vermont from shutting down the only nuclear power plant in the state.

Reporting by Eileen O'Grady, REUTERS.

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