Faced with the challenge of cutting $38 million in its Challenges for Change proposal, the Douglas administration finally provided a hint as to where that $38 million would be cut last week. Among the details, the administration suggested $3.4 million be cut from the Unified Economic Development Budget, which includes a number of departments and agencies such as the Agency of Commerce and Community Development, Agency of Agriculture, Department of Labor and Tourism, and others. Few object to the cuts, but where those cuts must be made has rankled those most affected.
Entergy’s decision Monday to nix plans to spin off six nuclear reactors, including Vermont Yankee, into a separate company that would be overburdened with debt is a welcome step forward in the state’s discussion about extending Vermont Yankee’s permit in 2012 by another 20 years. The spin-off proposal was widely criticized as a ploy to create an under-funded corporation (Enexus) that would have been more likely to default on decommissioning costs, while allowing Entergy to dodge those expenses at plants in New York, Massachusetts, Vermont and Michigan.