Entergy Corp. exploring sale of Vermont Yankee Nuclear Plant

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New Orleans, November 4, 2010 – Entergy Corp. announced a process is under way to explore the potential sale of Vermont Yankee, its 605-MW nuclear plant in Vernon, Vt.

The sale process is being conducted on a confidential basis and no additional details will be released at this time. While no decision has been made to sell the plant, the company expects interest from multiple parties.

The plant has an operational record of 532 days of continuous operation in April 2010, the second breaker-to-breaker run in the last five years. The record run for the plant is 547 days, which ended in 2007.

“Our motivation for exploring the sale of the plant is simple – we want to do whatever is in the best interest of our stakeholders, including the approximately 650 men and women who work at the plant,” said J. Wayne Leonard, Entergy‘s chairman and chief executive officer. “At the same time, we have been successfully resolving any issues to secure Nuclear Regulatory Commission approval for a license extension at the plant, and we have been in negotiations with the local electric companies to finalize a long-term power purchase agreement to ensure the continued output of clean and reliable energy for Vermont utilities.”

“We will aggressively negotiate with potential buyers for extension of employment to all current employees as a condition of any sale.”

Entergy acquired the plant from Vermont Yankee Nuclear Power Corp. in 2002.

Entergy Corp. is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with about 30,000 MW of electric generating capacity, and it is the second-largest nuclear generator in the U.S.

Entergy delivers electricity to 2.7 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of more than $10 billion and more than 15,000 employees.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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