Vermont Nuclear Plant to Shutdown

The New York Times reported that the Vermont Yankee nuclear reactor will be shutting its doors in late 2014. The reactor, one of the oldest nuclear plants in the United States, has been the subject of many heated battles over the decades. The company that owns the plant recently won a protracted legal fight against the State of Vermont to keep it open.

According to the NYT, Entergy, the plant’s owner said that:

a long depression in natural gas prices had pushed the wholesale price of electricity so low that it was losing money on the reactor.

So far in 2013 Entergy has announced the retirement of 5 reactors due to low natural gas prices.

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