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.
Saturday, March 8 2014 10:21 AM EST2014-03-08 15:21:27 GMT
Two firefighters are recovering from minor injuries. They were injured while fighting a at the Bennett Farm on Route 15 on the Johnson-Cambridge town line. The fire started in a shed around 7:30 FridayMore >>
Two firefighters are recovering from minor injuries.More >>
Saturday, March 8 2014 10:20 AM EST2014-03-08 15:20:42 GMT
Friends are rallying around families who lost everything in an apartment building fire in St. Johnsbury. They immediately took to Facebook after hearing about this fire and started planning to collectMore >>
Friends are rallying around families who lost everything in an apartment building fire in St. Johnsbury.More >>
Saturday, March 8 2014 10:20 AM EST2014-03-08 15:20:05 GMT
Reporter: "What are some of the most common burn injuries that we see with kids coming into the hospital?" Jim Esdon, Dartmouth Hitchcock Injury Prevention Center: "This time of year, the glass frontedMore >>
We've had another cold week that's left homeowners cranking the heat. But what does that mean for kids' safety?More >>
Saturday, March 8 2014 10:19 AM EST2014-03-08 15:19:21 GMT
Armed with just two L rods, 87-year-old John Wayne Blassingame starts looking for water by asking yes or no questions. "Does it go past 20 feet, does it go past 30 feet, yah," he says. The rods crossingMore >>
A national organization based in Danville says it is providing resources to people in desperate need to find water.More >>
Saturday, March 8 2014 8:31 AM EST2014-03-08 13:31:36 GMT
The Governor is traveling to Rhode Island Saturday. His office says Governor Peter Shumlin will be at Brown University in Providence taking part in a forum with the Rhode Island Governor. While theMore >>
The Governor is traveling to Rhode Island Saturday. More >>
Saturday, March 8 2014 8:17 AM EST2014-03-08 13:17:30 GMT
We have some ideas for your Saturday. IRISH FESTIVAL The 19th annual Burlington Irish Heritage Festival kicks off today. There is a lecture about the role of Irish immigrants in the Civil War at theMore >>
Friday, March 7 2014 7:28 PM EST2014-03-08 00:28:44 GMT
Williston Police say, the powder was from a generic prescription medication. They say, the man was from Burlington and had the paperwork in his pocket with his medicine and that's how it got on there. More >>
Williston Police say, the powder was from a generic prescription medication. They say, the man was from Burlington and had the paperwork in his pocket with his medicine and that's how it got on there.More >>