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Monday
Feb152010

Entergy Nuclear seeks to boost profits by neglecting maintenance

In an editorial that despairs of ever getting "Straight answers" from Entergy Nuclear about its degraded, leaking Vermont Yankee atomic reactor, the Rutland Herald reports that Entergy CEO J. Wayne Leonard recently told investors that cash flow problems at Vermont Yankee will be solved by raising electric rates, as well as by " 'lower[ing] working capital requirements'...In other words, the company is investing less in the plant to enhance profits, which may account for the fact that it is falling apart. " Entergy Nuclear is equally guilty of neglecting major safety repairs and replacements at its Palisades nuclear power plant in Covert, Michigan. A Palisades' presentation to the Michigan Public Service Commission in 2006 (see page 2) revealed several major fixes required to address known safety risks at the reactor, including replacement of the corroded reactor lid, annealing severe reactor pressure vessel embrittlement, replacing the steam generators for the second time, and enlarging sump pumps and fixing filtering screens in order to deal with debris clogging coolant flow during an emergency. However, since taking over ownership and operations at Palisades in 2007, Entergy has fixed none of these major problems. And just as Vermont Yankee is leaking hazarous radioactive tritium into groundwater and the Connecticut River, Palisades is leaking tritium into groundwater and Lake Michigan. In both cases, drinking water supplies, food chains, and public health downstream are at risk.