GREENFIELD, Mass. (WWLP) – The Vermont Yankee Nuclear Power Plant will close down by the end of this year.
Entergy Corporation announced last August that it would be shutting down the nearly 40 year old plant by the end of 2014, because its too costly to operate.
The lower price of natural gas and wholesale energy prices has caused financial problems for the nuclear power plant.
Right now, there are more than 600 employees at Vermont Yankee, which is in Vernon, Vermont, not far from the Franklin County town of Northfield.
One resident told 22News she’s concerned about the loss of jobs, but is also worried about what happens after the plant closes.
“What happens when it closes. What do you do with a closed power plant. What happens to all the waste and materials. Where do we put that?” Cathryn Smith of Easthampton.
The Nuclear Regulatory Commission is overseeing the decommissioning process.
Vermont’s utility regulators have until March 31st to issue a decision on how long the plant has to decommission.