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.
Thursday, December 5 2013 6:59 PM EST2013-12-05 23:59:01 GMT
Hundreds of Vermonters could lose unemployment benefits early if Congress doesn't act. Congress expanded packages after the 2008 economic crash but the offer is set to expire. Regular unemployment benefits,More >>
Hundreds of Vermonters could lose their unemployment benefits early if Congress doesn't act. Regular unemployment benefits will not be affected. But additional emergency benefits will expire before the end of December.More >>
Thursday, December 5 2013 7:03 PM EST2013-12-06 00:03:28 GMT
McDonalds in South Burlington needed to dish out more happy meals Thursday because certain people weren't Mc-loving it. More than 20 people gathered outside protesting for higher wages, benefits and betterMore >>
Across the country Thursday people protested at fast-food restaurants, demanding higher wages for workers. In Vermont, we also saw people speaking out.More >>
Thursday, December 5 2013 7:08 PM EST2013-12-06 00:08:48 GMT
It looks like something you'd find on your grandmother's sofa, but thanks to the magic of Burton, it's cool again. It's what the U.S. Snowboarding team will wear when they compete in Sochi, Russia, forMore >>
The Winter Olympics are just around the corner and the U.S. Snowboarding team will be showing off some Vermont style. Burton designed the official uniforms. But some fans have questions about where they were made.More >>
Thursday, December 5 2013 7:10 PM EST2013-12-06 00:10:53 GMT
The Grinch has struck in New Haven. Vermont State police say sometime between Wednesday night and Thursday morning, someone stole about a dozen Christmas trees from the Green Haven Nursery. Police areMore >>
Vermont State police say someone stole a dozen Christmas trees from a nursery in New Haven.More >>
Thursday, December 5 2013 12:11 PM EST2013-12-05 17:11:34 GMT
Vermont's lieutenant governor is the latest to call for a further delay in implementing the state's new health care exchange. Vermont Health Connect has been riddled with problems since it launched inMore >>
Vermont's lieutenant governor is the latest to call for a further delay in implementing the state's new health care exchange.More >>