Docket 6545

Vermont Department of Public Service

PSB Docket No. 6545: Proposed sale of Vermont Yankee Nuclear Power Station: Sept 4th, 2001.

General Order No. 45 Notice filed by Vermont Yankee Nuclear Power Corporation re: Proposed sale of Vermont Yankee Nuclear Power Station and related transactions, September 4, 2001.

Note: Some of the documents below are available in Adobe Acrobat PDF format and require the Acrobat PDF reader which is free and can be downloaded from Adobe.

Vermont Yankee Nuclear Power Station Purchase and Sale Agreement by and Between Vermont Yankee Nuclear Power Corporation, as Seller, Entergy Nuclear Vermont Yankee, LLC, as Buyer and Entergy Corporation, as Guarantor, dated: August 15, 2001

Vermont Public Service Board Docket No.6545 web page.

VT Department of Public Service Testimony in the Investigation into General Order No. 45 Notice filed by Vermont Yankee Nuclear Power Corporation re: Proposed sale of Vermont Yankee Nuclear Power Station and related transactions.

Prefiled Direct Testimony of William Sherman on behalf of the Vermont Department of Public Service REDACTED Mr. Sherman summarizes the Department’s review of the proposed transaction. Other Department witnesses are introduced in his testimony. He summarizes the results of the Department’s analyses, and identifies items which must be clarified, resolved or conditioned for the sale to be approved. He identifies considerations and analytical assumptions which have changed since the Department’s evaluation of the proposed sale of Vermont Yankee Nuclear Power Station to AmerGen, and he supports certain assumptions used in the Department’s evaluations. He also supports the Department’s analysis comparing the continued operation of Vermont Yankee with premature closure of Vermont Yankee.

Direct Testimony of Paul L. Chernick on behalf of the Department of Public Service REDACTED Mr. Chernick’s testimony compares the value of the proposed sale to the value of other nuclear power-plant sales, and reviews the conduct of the auction, the follow-up to bidder offers, and the evaluation of the bids.

Prefiled Testimony of Bruce Edward Biewald on behalf of the Vermont Department of Public Service REDACTED Mr. Biewald’s testimony addresses the economics of the proposed sale of Vermont Yankee. Exhibit DPS-BEB-2

Prefiled Testimony of David A. Schlissel on behalf of the Vermont Department of Public Service REDACTED Mr. Schlissel’s testimony addresses the likely future operating performance and costs of Vermont Yankee and the issues of completing a power uprate and extending the plant’s operating life.

Prefiled Testimony of David F. Lamont on behalf of the Vermont Department of Public Service The purpose of Mr. Lamont’s testimony is to present the DPS’ market price forecast. Exhibit DPS-DFL-1

Direct Testimony of Andrea C. Crane on behalf of the Department of Public Service Ms. Crane’s testimony reviews the organizational and financial relationships proposed among ENVY, its parent and its affiliates. In her testimony, Ms. Crane provides recommendations regarding financial safeguards that should be adopted in order to ensure that ENVY has access to the capital required to meet its service and contractual obligations. Ms. Crane concludes that the Board should require Entergy Corporation to provide certain financial guarantees for ENVY. Ms. Crane also proposes dividend and loan restrictions for ENVY and recommends various financial reporting requirements. Exhibit DPS-ACC-2

Direct Testimony Submitted by David J. Effron on behalf of the Vermont Department of Public Service: Mr. Effron’s testimony presents an estimate of the gain (loss) that would be recognized on the sale of VYNPS and recommends how such gain or loss should be incorporated into the continuing revenue requirements of VY if the Station is sold. He also presents certain modifications to the determination of the continuing VY revenue requirements assuming that the plant is not sold.

Memorandum of Understanding among Entergy Nuclear Vermont Yankee, Llc, Vermont Yankee Nuclear Power Corporation, Central Vermont Public Service Corporation, Green Mountain Power Corporation, and the Vermont Department of Public Service re: Proposed sale of Vermont Yankee Nuclear Power Station and related transactions. March 11, 2002
Prefiled Supplemental Testimony in Support of the Memorandum of Understanding of William Sherman on behalf of the Vermont Department of Public Service. Mr. Sherman refers to his previous testimony and identifies the reasons for supporting the Memorandum of Understanding filed with the Board on March 6, 2002. He responds to certain questions from the Board, and comments on the Board’s “Conclusions” for the original transaction described in Attachment A to its Order in Docket No. 6300 of November 17, 2000. March 11 2002
Supplemental Testimony in Support of Memorandum of Understanding Andrea C. Crane on Behalf of the Department of Public Service Ms. Crane’s testimony addresses why she believes that the Memorandum of Understanding adequately addresses the financial concerns expressed in her Direct Testimony.