Entergy completes nuclear power plant sale as it exits market
Entergy says it completed the sale of its shuttered Vermont Yankee nuclear power plant to NorthStar Group Services, as the company takes another step toward exiting from the merchant power utility business.
ETR calls the sale “a first-of-its-kind in the nuclear power industry – a permanent ownership and license transfer to a company that is slated to perform timely and efficient decommissioning and site restoration.”
NorthStar will decommission the site and secure any leftover nuclear fuel at the site; a power plant owner typically either does the decommissioning itself or contracts with a partner.
