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Vermont Coop-Nuclear Deal Not a Guarantee

The proposed power purchase agreement between Entergy Corp. and Vermont Electric Cooperative Inc. as posted Thursday on the Coop Law Blog is not a done deal. The cooperative’s board must first approve the 20-year contract, which provides an initial rate
April 1, 2011

The proposed power purchase agreement between Entergy Corp. and Vermont Electric Cooperative Inc. as posted Thursday on the Coop Law Blog is not a done deal. The cooperative’s board must first approve the 20-year contract, which provides an initial rate of 4.9 cents per kilowatt-hour and board members are worried about the reliability of the Vernon nuclear power plant. The board will mull the proposed agreement over until their April 26 meeting when members plan to make their decision reports the Burlington Free Press.

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