This morning, Entergy announced that it will order fuel to be loaded in the October outage.
Reading the Entergy press release, it is clear that Entergy did not base their decision on a tea-leaf analysis of Judge Murtha's words about the injunction. Instead, Entergy's assessed the strength of their own case. Good for them!
Entergy looked at the big picture and the law itself. Meanwhile, I let myself get caught up in microscopic examination of Murtha's statements and whether Murtha's statements were enough basis for ordering fuel.
I am glad to have been wrong about this! I am glad Entergy is ordering fuel!
(Also, I would not recommend hiring me as a fortune teller. If you were thinking of doing so, don't do it.)
Part of the press release is quoted below:
New Orleans, La. – Today Entergy Corporation (NYSE: ETR) communicated to its employees that the company's board of directors voted to approve the fabrication of fuel and the refueling of the Vermont Yankee nuclear power plant in October. This will be the plant's 29th refueling.
While the company has received a 20-year license extension from the Nuclear Regulatory Commission, the state of Vermont has refused to grant a certificate of public good to continue operating beyond March 21, 2012. That issue is currently being litigated before the U.S. District Court for the state of Vermont.
"Entergy's board of directors carefully reviewed the merits of our case and the arguments put forth by all parties during the recent hearing in District Court when we requested a preliminary injunction against the state of Vermont taking any actions to close Vermont Yankee," said J. Wayne Leonard, Entergy's chairman and chief executive officer. "Our board believes both the merits of the company's legal position and the record strongly support its decision to continue to trial scheduled to begin on Sep. 12. On that basis, the decision was made to move forward with the refueling as planned."