House passed S. 373, “Full Funding of Decommissioning Costs of a Nuclear Plant.”
Statement by Speaker Symington Regarding the Passage of S. 373, “Full Funding of Decommissioning Costs of a Nuclear Plant.”Today the House passed S. 373, “Full Funding of Decommissioning Costs of a Nuclear Plant.” This bill will protect Vermonters from a potential financial risk if the Entergy Corporation sells Vermont Yankee to a highly leveraged company, NewCo.The provisions of S. 373 are straightforward. It requires that if Vermont Yankee is sold, the Public Service Board (PSB) must determine that its decommissioning fund has enough assets and financial guarantees to pay for immediate restoration of the site upon closing of Vermont Yankee. If the fund currently is adequate, the PSB will require nothing further. If the fund is inadequate, the deficiency can be alleviated by either adding funds or supplying a letter of credit or other guarantee.When decommissioning does occur, S. 373 assures that the fund will be adequate to cover all costs, regardless of whether the corporation that owns the plant is financially strong or not. S. 373 ensures that Vermonters will not be saddled with the responsibility for clean up costs at Vermont Yankee. When Vermont Yankee was built Vermonters were told that its decommissioning would be fully paid for. This bill ensures that this promise will be kept.
“We are delighted Edo State has been playing host to this historic race, the first road race in West Africa to get an International Association of Athletics Federations (IAAF) label status. We are committed to making the race the first IAAF gold label race in West Africa next year after scoring another first as the first IAAF silver label race to be run in Nigeria and the West Africa sub-region in 2018,” said Shaibu who enjoined organisers of the race to keep the flag flying high.In his response, Itemuagbor said the visit of the organisers of the Okpekpe International 10km Road Race was an opportunity to brief the Deputy Governor and the media on their preparations and readiness of the event.“This year’s race will be different from the IAAF silver label race we had in Nigeria last year. Although it is still technically an IAAF silver label race, what Nigerians will witness will be a gold label event because we want to upgrade to a gold label race. We want to be the first IAAF gold label race in West Africa and the second in Africa after the marathon race in Cape Town, South Africa,” said Itemuagbor who expressed delight that he has used the Okpekpe race to proof that Nigerians can organise events that can be classified as truly world-class.“What an IAAF Label denotes are high standards in event organisation and full application of the IAAF competition rules. This we have done and by next year, Okpekpe race will be talked about in the same breath as the London, New York, Dubai, Berlin and Boston marathons. These are gold label IAAF road races,” he said and thanked the Edo State government for throwing its weight behind the race.“One of the factors that has also made the race truly world class is the support we have received from the state government. This is a guarantee demanded by the IAAF and we are delighted we have the heartbeat of the nation, Edo State backing us 100%.We have also demonstrated the commitment demanded by the IAAF to the advancement of the sport and have taken concrete steps in the global fight against doping.”This year’s race will hold on the 25th of this month in Okpekpe, Etsakor East Local Government Area of Edo State.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The Edo state government has restated its total support for the historic Okpekpe International 10km Road Race.The state’s Deputy Governor, Rt Hon Phillip Shaibu restated the commitment when the promoter of the race, Mike Itemuagbor and his team paid him a courtesy call at the weekend.Shaibu assured the event organisers of the commitment and continued support of the Edo State government to the race, demanded very good value and the delivery of the essence of the event to the people of Edo State, Nigeria and the international community.