A major finance firm predicts Vermont Yankee operators will shut the facility down voluntarily this year.
UBS Securities concluded in a new report that Entergy Louisiana will likely shutter its plant in Vernon.
Analysts base their conclusions on forecasts for limited profits in the coming years, the facility's age and limited output compared to other plants, as well as pending legal disputes and concerns over decommissioning funds.
Republican Representative Mike Hebert of Vernon says company officials assured him the report's conclusions are inaccurate.
"Vermont Yankee has verified that they have no intention whatsoever of closing. They have spent a couple hundred million dollars on a refuel and the money they've put into the lawsuit; they have no plans to close the Vermont Yankee plant," Hebert said.
Entergy's official statement is less definitive. The statement makes no specific reference to Vermont Yankee. The company says it does not comment on the financial performance of individual plants, but expects the market for nuclear power to recover in the long term.
Sunday, March 9 2014 10:10 AM EDT2014-03-09 14:10:32 GMT
Two New Hampshire communities damaged by storms are getting federal help. Lincoln will get more than $4.5 million for a bridge repair from Tropical Storm Irene. FEMA also awarded Lebanon more than $3More >>
Two New Hampshire communities damaged by storms are getting federal help.More >>
Sunday, March 9 2014 10:09 AM EDT2014-03-09 14:09:58 GMT
This morning, Channel 3 has learned there will NOT be a bus strike Monday morning in Chittenden County. CCTA officials told us in a statement that after 19 hours of negotiations that went into the morningMore >>
This morning, Channel 3 has learned there will NOT be a bus strike Monday morning in Chittenden County.More >>
Sunday, March 9 2014 10:09 AM EDT2014-03-09 14:09:06 GMT
A Ken Burns documentary featuring Vermont students will have its premiere in Brattleboro. The film is called "The Address". It follows the 50 boys at the Greenwood School in Putney who have learningMore >>
A Ken Burns documentary featuring Vermont students will have its premiere in Brattleboro.More >>
Sunday, March 9 2014 10:03 AM EDT2014-03-09 14:03:58 GMT
New Hampshire police say a man is recovering after he accidentally shot himself. Claremont police tell us that the man was cleaning his gun Saturday night when it went off. He was taken to the hospitalMore >>
New Hampshire police say a man is recovering after he accidentally shot himself.More >>
Sunday, March 9 2014 9:59 AM EDT2014-03-09 13:59:53 GMT
This towering ice fortress is dazzling visitors to Loon Mountain in New Hampshire. "Yeah, this is a wow moment," says visitor Millie Gabriel. "It's an incredible feeling to see people really light upMore >>
If you're ready to see one more beautiful thing before we say hello to spring, then we've found the spot for you.More >>
Sunday, March 9 2014 9:53 AM EDT2014-03-09 13:53:41 GMT
When the Wild Center in Tupper Lake was looking at maple education programs, they hit a bit of a snag. "I took a survey of the 31 acres here at the museum and we only had one maple tree on the property,"More >>
The Community Maple program has been going for three years now, allowing people to take the sap from their backyard and learn how to turn it into syrup.
Sunday, March 9 2014 9:44 AM EDT2014-03-09 13:44:12 GMT
We've got some tasty ideas for this second Sunday in March! PANCAKE BREAKFAST This year is the 20th annual Franklin Fire Dept. Pancake breakfast at the Franklin Central School. They serve more than 2,000More >>
We've got some tasty ideas for this second Sunday in March!More >>
Saturday, March 8 2014 9:49 PM EST2014-03-09 02:49:49 GMT
The Burlington Yoga Conference began Saturday at UVM's Davis Center. The event gives participants a chance to connect the mind body and soul through workshops they may not have access to on a daily basis.More >>
The Burlington Yoga Conference began 6 years ago and has become a staple in the community.More >>