ORDER GRANTING APPLICATIONS TO REDUCE RATES UNDER WHOLESALE POWER CONTRACTS
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The Connecticut Yankee Atomic Power Company (CY) today announced that the State of Connecticut’s Department of Environmental Protection (DEP) has approved CY’s application for a Stewardship Permit for its former plant site in Haddam CT. The approval marks a significant milestone in the decommissioning of the plant site.
The Connecticut Yankee Atomic Power Company (CY) today announced that it has been notified by the U.S. Nuclear Regulatory Commission (NRC) that its former plant site has been decommissioned in accordance with NRC procedures and regulations. The NRC has formally approved Connecticut Yankee’s Final Status Survey Reports in accordance with the License Termination Plan. The site under the federal license is now reduced to the approximately 5 acres surrounding the Independent Spent Fuel Storage Installation site.
U.S Court of Federal Claims Senior Judge James F. Merow issued a favorable ruling on September 30, 2006 for the three former Yankee nuclear power plants in their litigation with the federal government over its failure to remove used nuclear fuel from the three New England sites. Yankee Vice- President and Chief Financial Officer Michael Thomas said, “While the Court’s decision will need to be reviewed and evaluated, the Yankee companies’ initial reaction to the monetary award is very positive.