Entergy just announced the completion of a deal to sell Vermont Yankee power to Vermont Electric Co-Op. The deal is for power available after 2012, contingent on Vermont Yankee still running after 2012. The opening cost for the power is 4.9 cents kWh, not much more than the 4.5 cents Entergy is currently receiving in its existing contracts, and far less that the touted 5.8 cents of the HydroQuebec deal with other Vermont utilities. Both the Entergy deal and the HydroQuebec deal quote only the going-in rate, and move with the market in a mysterious way.Entergy also announced that it did not get an offer on Vermont Yankee. I admit I was wrong. I thought Entergy would get an offer. My reasoning was right in some ways: other utilities see the value of the plant. It is not an old rust-bucket. As the plant spokesman, Larry Smith, stated in the press release: Although we received interest from a number of companies, the conclusion of the sale process, without a sale, was driven primarily by the uncertain political environment in Vermont," Smith said. "The plant's strong operating performance was attractive to potential buyers; the political uncertainty was not." However, my prediction that another company would make a contingent offer turned out to be wrong.
Meanwhile, as I was following the twitter stream, journalist Shay Totten tweeted that the CEO of Vermont Electric Co-operative found the Entergy press release misleading and said that the CEO, Dave Hallquist, plans to "do a lot of interviews tonight."
More information to come on this, no doubt.
Finally, I would like to recommend a few links from the past day or so.
- In today's Atomic Insights blog, Howard Shaffer discusses the evolution of Mark I containment.
- In Nuclear Green, Charles Barton describes the good, the bad, and the ugly about Fukushima and its press coverage.
- As I wrote two days ago, I thought Capacity Factor had the most reasonable assessment of the fall-out situation in Japan, though it was far more pessimistic than the BBC assessment. Unfortunately, I seem to have been right. The village that Capacity Factor projected should be evacuated is indeed being evacuated. The heavy fall-out is in a small area, but this is still not good news.
- I also wrote that I could not figure out the injuries at the plant. A list has now been published. The injuries are mostly due to the earthquake, tsunami, and industrial accidents, with a few due to radiation. None of the radiation injuries sounds serious, but we really don't know.
- In a more upbeat note, about 200 people displaced by the tsunami have found shelter at the Onogawa nuclear plant.






