Central Vermont Public Service --CV-- Announces Sale of Vermont Yankee and Second Quarter Earnings.
Business Wire › August 08, 2002
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Central Vermont Public Service --CV-- Announces Sale of Vermont Yankee and Second Quarter Earnings.
Business Editors
RUTLAND, Vt.--(BUSINESS WIRE)--Aug. 8, 2002 Vermont Yankee Nuclear Power Corporation completed the sale of its assets to Entergy Nuclear Vermont Yankee on July 31, 2002. "The sale will save CV customers at least $82 million over the remaining 10 years of the plant's operating license and will reduce their exposure to the financial risks of decommissioning and operating the plant," said Robert Young, CV president and chairman of Vermont Yankee. For the second quarter of 2002, CV (NYSE:CV) reported net income of $4.0 million, or $.31 per basic and $.30 per diluted share of common stock, compared to net income of $0.3 million, or a loss of $.01 per basic and diluted share of common stock, f...See the full content of this document
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