Senators, organizations want Vt. Yankee kept open

At a news conference last week at the Vermont State House, four Vermont senators urged the Vermont State Legislature to consider the "Consensus Economic and Fiscal Impact Analyses Associated with the Future of the Vermont Yankee Power Plant" prepared by Tom Kavet of Kavet Rockler & Associates, LLC and Jeff Carr of Economic & Policy Resources, Inc.

The analyses, based on information from numerous economic and energy experts, finds relicensing Vermont Yankee and adopting a strong renewable energy policy will yield "the largest average positive employment and other economic impacts, with immediate job gains, no job losses and lower long term power bills."

The executive summary of this report can be read on the Internet at the followung URL address: http://www.leg.state.vt.us/jfo/VY%20Legislative%20Briefing/Economic%20Analysis%20-%20Executive%20Summary10.pdf.

This independent report, commissioned by the Joint Fiscal Office at the request of the Vermont Legislature and 16 months in the making, reviews the energy and economic impact of four possible Vermont energy scenarios, and concludes Vermont would be best served by relicensing Vermont Yankee and pursuing more renewable energy. It was prepared in collaboration with Synapse Energy Economics, Inc., the Department of Public Service, Green Mountain Power and Central Vermont Public Service Corporation.

Senator Phil Scott (R-Washington):

"Vermont's 21st century power portfolio and economy requires reliable base load power and the development of more renewable power resources. We urge the legislature to consider the long-term interests of the Vermont economy, environment, and quality of life. Relicensing Vermont Yankee and building more renewable power infrastructure will ensure that Vermont has a diverse, affordable, reliable energy portfolio."

Sen. Richard Mazza (D-Grand Isle):

"This report is the product of thorough work and dispassionate analyses by well respected state economists. It provides important and comprehensive information that legislators should know so they can best help chart Vermont's energy and economic future."

Sen. Peg Flory (R-Rutland):

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