Entergy issues $40M guarantee for decom fund

From the Brattleboro Reformer:

Entergy, which owns and operates Vermont Yankee nuclear power plant in Vernon, told the Nuclear Regulatory Commission that it has executed a parent company guarantee of $40 million to ensure the site’s clean-up fund meets NRC requirements.

The guarantee was offered on Dec. 31, 2009, said Neil Sheehan, spokesman for the NRC.

"We are still awaiting written documentation on this," said Sheehan. "We will conduct independent verification to ensure it was properly carried out and meets our requirements."

Entergy will be working with the NRC to make sure its expectations concerning the decommissioning fund are met, said Rob Williams, spokesman for Yankee.

"The goal of the guarantee we have implemented is to be responsive to NRC’s request for further financial assurance to ensure the adequacy of the decommissioning fund," he said.

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