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Gov. Peter Shumlin's Announcement Following Entergy's Announcement

Statement

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Date:
Location: Unknown

"This is the right decision for Vermont as we move to a greener energy future.

Entergy's announcement today confirms what we have known for some time. Operating and maintaining this aging nuclear facility is too expensive in today's world. Vermont utilities no longer have contracts with Vermont Yankee, and our regional grid is not reliant upon it for stability. Vermont has made clear its desire to move toward more sustainable, renewable sources of electricity, and many of our surrounding states are doing likewise.

Vermont Yankee was built with an expectation that it would operate for a limited period of years. While it is no secret that Vermont and Entergy have disagreed on how long that should be, it is now clear that Vermont Yankee is a part of the energy past, and will not be a part of our energy future.

I spoke with Entergy Chairman and CEO Leo Denault today and we agreed to move beyond our past disputes and work cooperatively toward a timely shutdown and a smooth transition for VY workers and the surrounding communities in Vermont, New Hampshire and Massachusetts. I grew up in Windham County and I know that the closure of this plant will be a significant upheaval for the region, and for the state as a whole. We have been preparing for this day through education and economic development efforts in the region, and we will redouble our efforts now that the closure date for the plant is certain.

For the workers at Vermont Yankee, who will directly feel the pain of job loss, I pledge the resources of my administration to move quickly to provide the training and services they will need. I will work closely with the legislature, our federal delegation, the local towns and business organizations, and my fellow governors in Massachusetts and New Hampshire to support the Vermont Yankee workforce and the affected communities. We will also focus on the timely decommissioning of the plant to return the site to a greenfield capable of other productive economic uses as swiftly as possible."


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