VPIRG Says Vermont Yankee Should Pay More

Montpelier, Vermont - December 11, 2007

An advocacy group says the Vermont Yankee nuclear power plant in Vernon is not paying its fair share of taxes to the state.

Vermont Public Interest Research Group conducted a study comparing property taxes paid to the kilowatt hours generated by more than forty electric generating facilities in Vermont. VPIRG argues that Yankee's tax per kilowatt hour ratio is significantly lower than the rate paid by wind, hydro, and wood generating facilities. The research group believes that a generation-based tax would level the playing field -- by requiring all generators to pay similar rates.

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