Is Entergy trying to sell Yankee?
From the Brattleboro Reformer:
According to Energy Daily, Entergy is looking for a buyer for its Vermont Yankee nuclear power plant in Vernon. Two potential buyers -- Exelon Corp. and NRG Energy Inc. -- have already show an interest in the power plant, according to Jeff Beattie, a writer for Energy Daily.
"Apparently fed up with the troublesome investment -- and the difficult political environment it faces in the state -- Entergy Corp. has begun shopping its Vermont Yankee nuclear power plant to potential buyers," wrote Beattie.
Entergy declined to comment on the information given to Beattie by his sources because it's not company policy to discuss market rumors or speculation.
"But we have said that as part of Entergy's ongoing point-of-view based strategy, we would consider buying or selling any asset or business depending on what option creates the most value," Entergy spokesman Mike Burns, told Beattie.
Exelon, the nation's largest nuclear operator has performed at least a preliminary round of investigation into the possibility of buying Yankee, according to Beattie's sources. NRG Energy, which owns 44 percent of a pair of reactors in Texas, has also conducted preliminary reviews, wrote Beattie.
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