Vt Yankee ruling won't impact GMP - WCAX.COM Local Vermont News, Weather and Sports-

Vt Yankee ruling won't impact GMP

Colchester, Vermont - January 20, 2012

The federal decision to allow Vermont Yankee to stay open is not impacting Green Mountain Power's immediate plans for energy.

GMP's contract with the state's only nuclear power plant expires in March. Yankee has provided power to Green Mountain Power for the last 40 years, but the two groups failed to reach a new agreement last year, in part due to uncertainty involving Yankee's future.

GMP says it has agreements with new power providers and will not need Vermont Yankee for the next few years.

"We do certainly have openings a few years out that if the plant is operating, and if Entergy offers us a power supply that's attractive to customers, then it is something we can certainly consider," said Dotty Schnure of GMP.

Even though GMP and CVPS won't get power from the plant, officials say they could still benefit from a deal made when they sold the plant to Entergy. The utilities will get half of any contract priced over 6 cents that Yankee makes with utilities outside Vermont.

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