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Lease with Power Transitions draws scrutiny as Vermont weighs reuse options for Vermont Yankee site
Summary
Committee members pressed state officials about a long‑term lease option held by Power Transitions and the regulatory paths—Act 250, PUC Section 248/certificate of public good or other reviews—that would govern redevelopment of the 141‑acre Vermont Yankee site.
The committee also focused on what comes after decommissioning: who controls the site, what uses are possible, and how communities will participate in future planning.
Commissioner Carrick Johnson told the committee the Vermont Yankee site is roughly 141 acres and that a lease option held by a company called Power Transitions was executed before his current tenure. He said the department holds a right of first refusal if the property is sold and that the department has started discussions with the lessee. "Power transitions...they're kind of MO there...they've had a different plan there regardless," Johnson said, describing the firm’s practice of redeveloping…
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