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Vermont Energy Co LLC history
Vermont Energy Co LLC company history timeline
The creation and ownership of VETCO was authorized by the Vermont Public Utility Commission in 1982.
In 2002, Vermont Yankee was sold by the eight New England utilities that originally owned the plant to Entergy Nuclear Vermont Yankee, LLC, a subsidiary of Entergy Corporation of New Orleans, Louisiana.
In addition, Vermont Yankee also needed approval from the State of Vermont to operate beyond 2012.
Vermont Yankee officially disconnected from the grid on December 29, 2014, at 12:12 PM Eastern Standard Time.
Details of this plan are included in Entergy’s December 2014 Post-Shutdown Decommissioning Activities Report.
Under the terms of the Agreement, VY would close before the end of 2014.
On November 8, 2016, Entergy Corporation announced an agreement to sell Entergy Nuclear Vermont Yankee, LLC and transfer its NRC licenses to subsidiaries of NorthStar Group Services, Inc., as a means of completing VY’s decommissioning and site restoration on an accelerated schedule.
On December 6, 2018, the Vermont Public Utility Commission (PUC) approved Entergy’s proposed sale of Vermont Yankee (VY) to subsidiaries of NorthStar Group Services, Inc., as a means of completing VY’s decommissioning and site restoration on an accelerated schedule.
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Vermont Energy Co LLC may also be known as or be related to Vermont Energy Co LLC and Vermont Energy Co. LLC.