Dive Summary:
- The Nuclear Regulatory Commission (NRC) has announced it will look into the finances of three Entergy nuclear plants—the Vermont Yankee Nuclear Power Plant in Vernon, Vermont; the Pilgrim Nuclear Generating Station in Plymouth, Massachusetts; and the James A. FitzPatrick Nuclear Power Plant near Oswego, New York.
- Multiple anti-nuclear groups submitted a petition in April seeking an investigation of Entergy's finances to the NRC.
From the article:
[Deb Katz, executive director of the Citizens Awareness Network] said after the rally Saturday that the groups based their financial concerns on UBS Investment Research documents.
Vermont Yankee is particularly vulnerable to changing power markets, she said, because it is a “merchant” plant and sells its output on the open market. As of March 2012, Yankee no longer has any contracts to sell its power to Vermont utilities and the open market has been depressed because of a strong supply of natural gas.