The Vermont Department of Public Service engaged Concentric to prepare an assessment of the financial aspects of the proposed transfer of the Vermont Yankee nuclear station from a subsidiary of Entergy Corporation to NorthStar Decommissioning Company, LLC, including the financial assurances proposed by NorthStar if the transfer were approved, and the financial capabilities of NorthStar to complete the decommissioning, site restoration, and spent nuclear fuel management at Vermont Yankee.
After multiple rounds of testimony, the parties reached a Memorandum of Understanding that called for additional financial assurances to be provided by the buyer and seller, and Concentric submitted testimony assessing those additional assurances. Concentric also provided live testimony before the Vermont Public Utility Commission in Montpelier, VT. The transfer was approved by the Commission on December 6, 2018.
