Are Nuclear Plant Closures Due to Market Manipulation and Decommissioning Fund Rules?
Most of you are well aware that Entergy recently announced it will permanently close its Vermont Yankee (VY) nuclear plant. The primary reasons given were continued low natural gas prices, the cost of post-Fukushima upgrades, and "flaws" in the local wholesale electricity market that suppress prices and harm the profitability of baseload facilities like VY. VY was close to breaking even this year, as well as the last few years, but was projected to become unprofitable in the future-over the next few years, anyway.