Vermont Yankee’s $60 million dilemma

first_img NRC makes Vermont Yankee license renewal official | Vermont … Mar 21, 2011 … In a letter dated March 21, 2011, US Nuclear Regulatory Senior Project Manager Robert Kuntz notified Michael Colomb, Entergy Vermont Yankee … Aug 27, 2002 … Vermont Yankee finally sold to Entergy by Robert Smith The deal had more than its share of up and down moments, but the sale of the Vermont … Northstar Vermont Yankee,By Kate Duffy, Vermont Business Magazine. Entergy Nuclear has a $60 million decision to make ‘ whether to invest in refueling Vermont Yankee, even though a federal judge refused to issue a preliminary injunction assuring the company it could continue operating the plant while its lawsuit against the state is pending. US District Court Judge J Garvan Murtha denied the request for a preliminary injunction in a decision issued Monday afternoon. He said Entergy failed to prove during a two-day hearing in June that it would suffer ‘irreparable harm’ before the case, schedule for trial in September, is decided.During the hearing, Entergy’s lawyers argued that without an injunction that would let it plan for future operations, the company may be forced to shut down the plant before its current license expires in March. It would be unlikely to make a $60 million investment in fuel rods without an indication from the court that it might win its case. ‘Entergy, while it has raised the possibility, has not persuaded the Court that a decision to shut down is likely and imminent,’ Judge Murtha wrote in the 18-page decision. Entergy is suing the state in federal court over whether a law that effectively gives the Legislature the right to shut down a licensed, operating nuclear power plant is constitutional. Vermont Yankee, the state’s only nuclear power plant, is slated to shut down on March 21, 2012, at the end of its original 40-year operating license. Citing the plant’s age and history of radioactive leaks, last year the Senate voted 26 to 4 not to allow the Public Service Board to issue a certificate of public good to let the plant operate beyond its scheduled shut-down. In March, the Nuclear Regulatory Commission, which regulates all of the nation’s 104 nuclear power reactors, approved a license extension that would allow the plant to continue generating power for another 20 years. Entergy says the plant is safe and reliable and should be allowed to continue operating. It had hoped a preliminary injunction would allow it to do so while the case is pending. Vermont Attorney General Bill Sorrell, a Democrat, said the state had won an important battle but still has a war to wage. ‘This was a nice win, but really what’s better is that the preliminary injunction was not issued,’ Sorrell said. ‘If one had been granted, that would have been a devastating blow to us because it would have required the finding by the judge, based on his understanding of the facts and the law, that it was likely that Entergy would prevail on the merits of the case as a result of the trial. We would have been really knocked backwards if that were the case.’ In ruling on the failure to prove irreparable harm, Judge Murtha did not address whether he thought Entergy could win its suit based on the merits of its case. ‘I was a little bit surprised that he so carefully skirted the merits,’ said Pat Parenteau, an attorney and professor at Vermont Law School who has been closely watching the case unfold. ‘He gave a few hints of what’s troubling him and things he wants to see addressed at trial. It’s like reading tea leaves in the opinion. But I was not at all surprised he found no irreparable harm.’ Parenteau noted it is extremely difficult to prove irreparable harm in a case like this. Instead, he noted the judge fast-tracked the case, scheduling the trial for September 12-14, in order to address the merits of the case and make a final decision. ‘The judge expressed no views whatsoever on the constitutional issues that Entergy has raised,’ Parenteau said. ‘Reading between the lines, what I see is a judge who believes the state has a right to close the plant for the proper reasons, but a judge who is not 100 percent convinced the state has done that.’ In a statement issued to reporters, Vermont Yankee spokesman Larry Smith said the company is ‘disappointed in the outcome.’ He made no indication of whether it will buy the fuel needed for the plant ‘ a decision he previously had said would have to be made by July 23. ‘Our request for a preliminary injunction was about keeping the plant’s workers employed, the plant running safely and the electric grid reliable until this case is resolved. In the upcoming days, we will be evaluating Judge Murtha’s opinion and assessing the company’s near-term options.’ RELATEDCourt denies preliminary injunction in Vermont Yankee caseThe Federal District Court for the District of Vermont issued a decision Monday evening in favor of the State of Vermont and denied Entergy’s request for a preliminary injunction that would have prevented the State from enforcing its laws during the pendency of the litigation. In a prepared statement, Attorney General William Sorrell called the decision ‘a very good first step in an important case.’  Mar 3, 2010 … Vermont Yankee engineers and technicians continue their investigation into the source of tritium in the plant’s groundwater.www.vermontbiz.com/node/14600 Vermont Yankee finally sold to Entergy | Vermont Business Magazine Vermont Yankee narrows search for tritium leak | Vermont Business …last_img read more

10 investing apps to supercharge your portfolio

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr With a few taps, these apps turn your mobile device into a portable portfolio or investment tracker.by: Lou CariozoBefore Apple launched the App Store in 2008, investing via smartphone pretty much meant calling your broker or financial advisor. Remarkably, it now only takes a tap or two to locate valuable investment information or move your money from one asset to another. What’s more, you can do it in seconds, without anyone’s help, let alone a busy signal or hold time.“Investing is an inherently fast-paced, on-the-go industry, rendering it an especially good fit for mobile technology,” says Raul Moreno, co-founder and CEO of iBillionaire, an app and website that provides access to investment data and strategies of self-made billionaires.In fact, it’s gotten to the point where you can track information and choose investments with all of the ease of putting Rover on a leash. “Observing, managing and reviewing investments is now, for the first time ever, being done while in line for coffee, in a cab or walking a dog,” says Hart Lambur, co-founder of Openfolio, which applies a social media-type logic to its financial app.That’s not to say investment apps are without issues. Critics insist some apps make it too easy to trade on impulse, especially when investors need less portfolio turnover, not more. But apps have their advantages, including lower fees and the capacity to keep investors constantly informed. continue reading »last_img read more

Dele Alli, Kane Shoot Spurs into Top Four

first_imgHarry Kane and Dele Alli scored two goals apiece as Tottenham thrashed lacklustre Watford to move into the Premier League’s top four for the first time since October.Spurs dominated from the off at Vicarage Road – having 13 shots in the first half alone – and seconds after Alli struck the bar, Kane coolly finished a well-weighted Kieran Trippier pass.The same duo combined for the second, Kane stealing between two static defenders to prod home Trippier’s fine cross from six yards.It was the England striker’s 59th goal in his first 100 Premier League appearances, matching Arsenal legend Thierry Henry.Alli made it 3-0 by passing low into the net after Younes Kaboul skewed the ball into his path, then arrived unmarked to finish Kane’s cross for his fifth goal in three matches.Watford, who did not have a shot on target until Kaboul bundled home a late consolation, drop to 13th having won just once in seven matches.Spurs’ fourth successive win briefly took them third, before Arsenal moved back ahead of them with victory over Crystal Palace.Having won at Southampton by the same scoreline on Wednesday, Tottenham have scored four goals in consecutive away games for the first time since October 1960 – the season they did the Double.Their 10-point deficit on leaders Chelsea, whom they host on Wednesday, will temper any title talk, but there can be no doubt Spurs are in menacing mood.Trippier, in for the suspended Kyle Walker, impressed on just his third league appearance of the season and underlined the strength in depth at White Hart Lane.It is easy to praise Tottenham, but Watford’s early defensive offering was non-existent.Manager Walter Mazzarri has stressed he will use the transfer window to find cover for as many as eight first-teamers out injured.But his side can have no excuse for their dire defensive work against Spurs – the third time this season they have been three goals down at half-time.With 34 goals conceded, 14 more than at this stage last season, holes at the back need plugging urgently, but there are also problems at the other end of the pitch.Odion Ighalo, drafted in after Camilo Zuniga limped out of the warm-up, was peripheral, with just 23 touches, only two more than 68th-minute Spurs substitute Ben Davies. He and Troy Deeney have contributed 10 goals between them this season, 14 fewer than at the same stage in 2015-16.The Hornets next face Stoke and Middlesbrough. Their fans could be looking over their shoulders at the bottom three by mid-January, unless they can find some form.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more