Skip to main content

Taxing Behavior Around Vermont Yankee

Some folks in Vermont want to raise taxes on Vermont Yankee to help pay for a "clean energy" fund. Considering that the state is already running a budget surplus, Vermonter Cool Blue has other ideas:
[Th]e owners of the Vermont Yankee power plant already contributes $2.5 million a year into the state's Clean Energy Development Fund.

So what does the Legislature want to do with this obvious good Green neighbor? Why, tax it more, of course.

In the name of Global Warming.

So they can buy buses.

Which pollute the air and spew greehouse gases.

Make sense to you?
I'll leave that up to my readers.

Comments

Anonymous said…
Cool Blue's being disingenuous so they can appear witty. Yes, buses powered by petroleum emit CO2...but less than the cars and SUVs that many of their riders would be driving otherwise to make any given trip.

Maybe they should leave this one alone until those nuclear-powered buses are available.
Brian Mays said…
Then build trams or buses that run on electricity, like they have in Europe, not buses that run on petroleum.

In France, these electric buses are nuclear powered, since the vast majority of the electricity comes from nuclear power plants. These buses are available and are being used today, so I think that it is appropriate to point out the hypocrisy of the Vermont legislature.
Anonymous said…
Just when you think Vermont can't get any weirder

Popular posts from this blog

Fluor Invests in NuScale

You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...