trending Market Intelligence /marketintelligence/en/news-insights/trending/dxkxs3nygs_9dqjgrc_gqa2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

NRC approves license transfer of Entergy's closed Vermont nuke for demolition

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

NRC approves license transfer of Entergy's closed Vermont nuke for demolition

The U.S. Nuclear Regulatory Commission has approved the transfer of the shuttered Vermont Yankee nuclear power plant's license from Entergy Corp. subsidiaries Entergy Nuclear Operations Inc. and Entergy Nuclear Vermont Yankee LLC to NorthStar Vermont Yankee, a subsidiary of industrial demolition company NorthStar Group Services Inc., in order to start the facility's decommissioning.

The Vermont Yankee plant ceased operations in December 2014. Entergy made its request to transfer the license in February 2017, after Entergy and NorthStar announced the deal, which also includes the transfer of the plant's dry cask spent nuclear fuel storage facility, the previous November.

In its Oct. 11 order approving the license transfer, the NRC determined that NorthStar meets the regulatory, legal, technical and financial requirements necessary to qualify as the facility's licensee. The NRC also determined that the transfer is consistent with law and NRC regulations and can be conducted without endangering the health and safety of the public.

In a separate order, the NRC approved a plan for NorthStar to use up to $20 million from the facility's decommissioning trust fund to store spent nuclear fuel at the shuttered nuclear power plant.

The Vermont Public Utility Commission still needs to sign off on the deal. If approved, the transfer will speed up the decommissioning of the closed nuclear power plant by almost 50 years. The sale is targeted to close by Dec. 31, after which NorthStar subsidiary NorthStar Nuclear Decommissioning Co. will be in charge of dismantling the plant.