VERNON, Vt. (WWLP) – Entergy Corporation announced Tuesday the agreement to sell Vermont Yankee to NorthStar Group Services.
According to a news release sent to 22News from Entergy, the selling of the former plant and transferring of license to NorthStar will accelerate the decommissioning and site restoration processes.
“By accelerating decommissioning, we are fulfilling a commitment we made in 2013 to decommission Vermont Yankee as soon as reasonably possible,” said Bill Mohl, President of Entergy Wholesale Commodities. “Decommissioning and site restoration, drawing on NorthStar’s expertise, will provide economic development for the region.”
Entergy also announced its plans to transfer all spent nuclear fuel to dry cask storage at the Vermont Yankee Nuclear Power Station from 2020 to 2018.
Vermont Yankee closed down December 28, 2014 after more than 42 years of producing electricity. In that span, the plant provided more than 70 percent of all electricity generated in Vermont. It also employed hundreds of people from three states, including Massachusetts.