Sponsored by:

vt.Buzz ~ a political blog

Political notes from Free Press staff writers Terri Hallenbeck, Sam Hemingway and Nancy Remsen



Analyst: No value in VY

Stock analysts saw last week’s news that New York state utility regulators nixed the Enexus move by which Vermont Yankee would be sliced off into a new company with five other nuclear power plants as the end of the line for the deal.

“We expect this vote in New York will end the spin-off plans,” Morningstar stock analysts said.

They also don’t seem to give two hoots about Vermont Yankee’s continued operation after 2012, which makes one wonder if Entergy Corp.’s board of directors will feel the same way.

“Renewal or no renewal, we see little incremental value in the Yankee plant for shareholders based on its relatively high cost, small capacity, and onerous power purchase contracts that we expect to persist for at least another decade. We think a decision to shut down Vermont Yankee when its license expires in March 2012 would not have a substantial impact on our fair value estimate,” the report said.

_ Terri Hallenbeck


Recent Posts

Recent Comments


June 2006   July 2006   August 2006   September 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   July 2007   August 2007   September 2007   October 2007   November 2007   December 2007   January 2008   February 2008   March 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   January 2010   February 2010   March 2010   April 2010