Nuclear decommissioning fund drops 10 percent
MONTPELIER, Vt.—The decommissioning trust fund for the Vermont Yankee nuclear plant has taken a hit on Wall Street, dropping by 10 percent or more than $40 million in the past several months, officials said.
Because of the drop the state has asked plant owner Entergy Nuclear to provide monthly rather than biannual reports on the fund, said Stephen Wark, spokesman for the Department of Public Service.
"The performance of the fund is disturbing, and will likely be a large issue in the various cases concerning Vermont Yankee," Wark said. "
Vermont Yankee spokesman Larry Smith said the plant's decommissioning fund did lose about 10 percent, but over the same period the stock market lost about 19 percent.
He wasn't minimizing the drop.
"We're as concerned as any one else is. We're in this for the long haul," Smith said.
This is strictly and closely monitored and regulated by the Nuclear Regulatory Commission," Smith said. "If there is a shortfall the NRC can take action to make Entergy make up the shortfall."