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Loss of Yankee would hurt rates
 The News:

October 19, 2009
from Barre Montpelier Times Argus

To the Editor:
Regarding your October 7 article, "Forum addresses future of energy in Vermont": There will certainly be severe economic and environmental costs to Vermont if the source of a third of Vermont's electricity is shut down in less than three years.

Simply put, Vermont Yankee provides more electricity than any other commercial generator in Vermont – and it does so while leaving a miniscule carbon footprint. Its continued operation is important for both price stability and for downward pressure on prices, issues which are important to the Associated Industries of Vermont, which held the forum your article covered. Remember, when companies are considering staying in or coming to Vermont, they want assurances there will be sufficient affordable electricity.

If Vermont Yankee is retired in 2012, energy prices could increase between 19 and 39 percent, depending on the replacement sources, according to an independent study by Dr. Howard J. Axelrod that was commissioned by the Vermont Energy Partnership. There is really very little question as to Vermont Yankee's value to the state.

Beyond the potentially dramatic price increase, greenhouse gas emissions would rise considerably due to an increased reliance on fossil fuel-powered electricity generating plants which are the predominant source of replacement baseload power. Vermont would essentially lose its clean air and clean energy reputation. The continued operation of Vermont Yankee is critical to Vermont's economic recovery and environmental footprint.

Brad Ferland President
Vt. Energy Partnership
Montpelier

 
 
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